Egypt’s US$8bn IMF Programme Ends 15 December
The IMF board cleared Egypt's seventh review on 30 July, releasing about US$1.8bn. The arrangement itself expires on 15 December 2026. The post Egypt’s US$8bn IMF Programme Ends 15 December appeared first on The Rio Times .
The International Monetary Fund (IMF) Executive Board completed the seventh review of Egypt's Extended Fund Facility on July 30, 2026, and released about US$1.8 billion. This brings the cumulative drawings across both arrangements to approximately SDR 5.4 billion, or US$7.3 billion. The main facility remains unchanged at US$8 billion but now expires on December 15, 2026, which is five months after the review.
Egypt's real growth for the third quarter of FY2025/26 was 5.0%, and 5.2% across the first nine months. However, inflation remains high, with headline and core inflation both at 14.3% in June, with core inflation at 1.5% monthly. Asset sales have been lagging, with only about US$520 million raised so far, leaving a significant gap that the sale of a 20% stake in Misr Life Insurance is expected to fill.
The IMF's programme has four months left, and no successor arrangement has been announced. Egypt's macro picture is improving, but structural reform lags behind.
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