The figure show a $1.142 billion increase from $51.4 billion in December 2025 and a rise of around 4.7 percent or $2.39 billion, from November 2025. NIRs also rose by 8.8 percent or $4.185 billion, in 2025.
NIRs have been maintaining the momentum throughout 2025 since the CBE applied corrective measures on 6 March 2024, raising interest rates by six percent. This aimed to contain high levels of inflation, restore the stability of prices of goods and services in the local market, and bolster hard currency liquidity to improve the inflow of remittances.
Furthermore, the measures led to reserves surging at the end of April 2024 to the highest level in four years, posting $41 billion, up from $40.4 billion at the end of March the same year.
The Egyptian government has been implementing fiscal and monetary reforms and policies to pursue, among other fiscal targets, 7.5 percent of growth by 2030, through exports, human capital and expanding participation in the economy from the private sector, as per the economic narrative.
The private sector alone secured a total of $2.9 billion (about EGP 136.5 billion) in financing in 2025, accounting for around 65 percent of total investments.
Moreover, the fiscal reforms are supported by the International Monetary Fund’s (IMF) $8 billion Extended Fund Facility (EFF) program and the $1.3 billion Resilience and Sustainability Facility (RSF) deal, which reached a staff-level agreement in December 2025.
The IMF board is expected to meet in the first quarter of 2026 to consider the fifth and sixth reviews of the EFF programme. This comes alongside suggested reforms like a flexible exchange rate and proceeds from deals like Ras El-Hekma.
The IMF forecasted continued growth for Egypt's external position against shocks, helping stabilize the currency and meet import and debt obligations, on the back of an IMF $2.3 billion financing tranche that will be disbursed to Egypt, including $300 million under the RSF.
Egypt was forecasted to continue in 2026 with stronger macroeconomic footing, due to robust foreign-currency inflows, improving external balances, and steady progress on structural reforms to support business sentiment and ease financing pressures on companies.
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