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Egypt: IMF Highlights Egypt's Economic Recovery As It Approves Largest Tranche of Its $8b Program

  • The International Monetary Fund has approved a disbursement of $1.2 billion to Egypt after completing the fourth review of its economic reform program, according to Finance Minister Ahmed Kouchouk.
  • IMF Executive Director Mohamed Maait confirmed that Egypt will receive the funds shortly after the IMF Executive Board's approval on March 10.
  • The IMF's support aims to help Egypt with economic reforms, including a flexible exchange rate and attracting foreign investment.
  • In February, Egypt reported a drop in annual urban consumer price inflation to 12.8%, largely due to financial reforms from the IMF support program.
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Egypt Independent broke the news in Cairo, Egypt on Tuesday, March 11, 2025.
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