IMF officials said reforms under Egypt’s IMF-supported program had strengthened growth, put inflation on a downward path, and rebuilt international reserves.
Madbouly said the significance of the IMF's decision extends beyond the financing itself.
The latest approval enables Egypt to immediately access about $1.5 billion under the EFF and about $272 million under the RSF, bringing total disbursements under the two arrangements to approximately $7.3 billion.
Subject to approval by the IMF Executive Board, the completion of the reviews would unlock total financing of around $1.6 billion, including $1.5 billion under the EFF arrangement and $136 million under the RSF facility.
He also said Egypt’s engagement with the International Monetary Fund (IMF) remains important not only for financing, but also for technical coordination and reform monitoring, with continued cooperation expected as policy implementation progresses.
