File Photo: The International Monetary Fund. Photo : AFP
The IMF released its flagship report on the sidelines of its World Bank's Fall Annual Meetings that kicked off on Monday.
Egypt's debt hit 98 percent of its GDP in FY2022/2023 before decelerating to 89 percent in FY2023/2024, which ended by June 2024.
The report asserts that emerging markets have broadly demonstrated continued resilience, but preserving financial stability could be more challenging in the future.
It also highlighted that certain major emerging market economies have experienced upward pressure on long-term rates due to rising term premiums.
That pressure may reflect increased uncertainty regarding the pace and timing of policy easing by advanced economies and volatility in exchange rates.
The report projected that the Federal Reserve would cut its policy rate by almost 150 basis points by the end of 2025.
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