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.
The decision allows Cairo to draw approximately $2 billion under the Extended Fund Facility and about $273 million under the Resilience and Sustainability Facility, bringing Egypt’s total disbursements under both arrangements to $5.21 billion.
