During a hybrid press conference held at the IMF headquarters in Washington DC on Thursday, Kozack added that the fifth and sixth reviews would clear the way for the disbursal of $2.3 billion in new financing to Egypt.
Kozack's remarks came in her answer to Ahram Online's question on the extent to which the recent cabinet reshuffle and the new social protection net package are expected to accelerate the completion of the three reviews.
The IMF scheduled the discussion on the three reviews for Wednesday, 25 February, which could pave the way for disbursements of $2 billion under the EFF and nearly $300 million under the RSF.
Kozack also told Ahram Online that the Egyptian authorities had previously indicated to the Fund their intention to scrap the Ministry of Public Sector Enterprises as part of a broader strategy to restructure state-owned enterprises.
She noted that the move aims to streamline oversight, strengthen governance frameworks, and improve the efficiency and value of public assets, while enhancing resource allocation within the public sector.
Kozack also pointed to recent social protection measures announced by the Egyptian government, which amounted to over EGP 40 billion in cash transfers for low-income and vulnerable households during Ramadan and Eid Al-Fitr, alongside plans to accelerate rural development projects and expand healthcare support.
“These measures are particularly important given the impact inflation has had on the purchasing power of low- and middle-income households,” Kozack said, adding that the IMF supports targeted assistance for vulnerable groups, especially in countries where social support levels remain relatively low.
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