IMF to review Egypt's loan program on March 10, paving way for $1.2B

Egypt Today

02-03-2025

CAIRO – 2 March 2025: The International Monetary Fund (IMF) is set to review Egypt's loan program during its upcoming meeting on March 10, 2025.
Pending approval, the country is expected to receive the fourth tranche of its loan agreement, valued at $1.2 billion.
A senior government official told Youm7 that the funds are anticipated to be disbursed next month following the IMF's confirmation.
The source also noted that Egypt has been officially added to the IMF Executive Board's agenda for the March 10 session.
The official underscored that this tranche will play a crucial role in bolstering Egypt's foreign exchange reserves, which have reached a record high of $47.3 billion, according to data from the Central Bank of Egypt (CBE).
Earlier, the IMF announced it had reached a staff-level agreement with Egyptian authorities for the fourth review under the Extended Fund Facility (EFF).
In February, IMF Managing Director Kristalina Georgieva reaffirmed the organization's commitment to supporting Egypt's economy alongside the country's ongoing economic reform efforts.
Speaking at the AlUla Emerging Markets Economies Conference in Saudi Arabia, Georgieva highlighted Egypt's progress in implementing IMF-mandated reforms, emphasizing that these measures are strengthening the nation's financial position.
Meanwhile, the IMF has adjusted its projections for Egypt's economic growth, lowering its estimates for real GDP growth in FY2024/2025 and FY2025/2026 by 0.5 percent and 1 percent, respectively.
The latest World Economic Outlook report also revised the forecast for the current fiscal year, reducing it to 3.6 percent from the earlier estimate of 4.1 percent published in October.