File Photo: The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington. Reuters
The IMF confirmed the visit on Monday through its press officer, Angham Al-Shami.
The review is part of a 46-month programme first approved in December 2022, initially valued at $3 billion but expanded in March 2024 to $8 billion, following mounting financial pressures and regional instability.
Egypt’s economy has come under strain amid a backdrop of geopolitical tensions and persistent inflation, which have weighed heavily on its currency and foreign reserves.
The EFF programme aims to stabilize the economy through a set of structural reforms, including reducing debt, bolstering hard currency reserves, attracting foreign direct investment, curbing inflation, and improving social protection.
“Achieving these targets is essential to restoring macroeconomic stability and laying the foundations for sustainable growth,” Prime Minister Mostafa Madbouly said last year.
The IMF’s last assessment in March granted Cairo immediate access to $1.3 billion in funding, bringing total disbursements under the EFF to $3.2 billion.
That review followed the third evaluation completed in July 2023.
As of March 2025, Egypt’s net international reserves (NIRs) rose to $47.7 billion, up from $47.1 billion at the end of December 2024, according to the Central Bank of Egypt (CBE).
The fifth review is expected to scrutinize the government’s progress on its reform pledges, including efforts to liberalize the exchange rate, reduce public debt, and strengthen the private sector’s role in the economy.
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