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.
Kozack said the IMF team will discuss the policies and measures needed to achieve the program’s objectives and support a strong, sustainable economic path that benefits all Egyptians.
In its latest World Economic Outlook report, the Fund further reduced its growth forecast for Egypt for the next fiscal year by 0.6 percentage points to 4.8%, while raising the projected average inflation rate for the current fiscal year to 13.2%, compared with 12.4% previously.
For the next fiscal year, the IMF also lowered its forecast for Egypt’s growth to 4.8%, compared to 5.4% in its previous estimates.
The move is part of broader measures to strengthen fiscal stability and achieve a primary surplus of 5% of GDP by the 2026/2027 fiscal year.
