IMF approves $1.2 billion for Egypt following economic review

The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion.

The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the support of the IMF.

In addition to the disbursement from the EFF, the IMF Executive Board also gave the green light to Egypt’s request for an arrangement under the Resilience and Sustainability Facility (RSF), which will provide the country with around $1.3 billion. This approval comes as part of the ongoing engagement between Egypt and the IMF to support long-term economic stability and growth. The IMF also concluded the 2025 Article IV consultation with Egypt as part of its regular assessment of the country’s economic performance.

While the IMF has not yet provided further details regarding the schedule for the RSF program’s reviews and disbursements, it has promised to release more information in the near future. The approval of both financial arrangements highlights the continued international support for Egypt’s efforts to strengthen its economic resilience.