Egypt’s current account deficit narrows by 22.6% in 9 months of FY24/25

According to the balance of payments (BoP) data, this improvement was primarily driven by a stronger performance in the third quarter of 2025 (January–March).

Despite the positive momentum, BoP recorded an overall deficit of $1.9 billion during the same period, reversing a surplus of $4.1 billion posted a year earlier. The shift was mainly attributed to a significant decline in capital and financial account inflows, which fell to $7.7 billion from a record high of $20 billion.

The previous figure had been boosted by the one-off $15 billion Ras El-Hekma deal.

Egypt is engaged in $8 billion loan deal with the International Monetary Fund (IMF). An IMF mission is expected to visit Egypt in September for the discussions on the fifth and sixth reviews of the deal, with projections that both reviews will be completed in December.

The First review of the newly approved Resilience and Sustainability Facility (RSF) is also scheduled to be completed with these two reviews.

The completion of the whole three reviews is anticipated to refresh Egypt’s treasury with a total of over $2.6 billion.