IMF expects Egypt's economy to grow by 5.9% in 2025/2026

The International Monetary Fund expected Egypt's economy will grow by 5.9% in 2025/2026, adding that Egypt’s budget revenues in the current fiscal year are expected to reach about 1.6 trillion pounds, increasing to 1.9 trillion pounds in the next fiscal year, to reach 2.2 trillion pounds in the next fiscal year 2024/2025.

In a statement released on Tuesday, the IMF expected Egypt's economy will grow by 4% in the 2022/2023 current fiscal year (FY), 5.3% in the fiscal year 2023/2024.

The IMF stated the loan agreement reached with Egypt aims to stimulate economic growth led by the private sector, stabilize the foreign exchange market and maintain price stability to absorb external shocks.

In December 2022, Egypt has reached a 46-month staff-level agreement with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) to receive a loan worth about $ 3 billion.