The IMF has approved a $1.2 billion disbursement to Egypt after the fourth review of its economic reform program. This includes a waiver on the primary budget surplus target and $1.3 billion from the Resilience and Sustainability Facility. Adjusted fiscal commitments indicate a primary surplus of 4% of GDP starting in the 2025/26 fiscal year, as Egypt combats inflation and financial challenges.
The International Monetary Fund (IMF) has sanctioned a disbursement of $1.2 billion to Egypt following the successful completion of the fourth review of Egypt’s $8 billion economic reform program. This approval also coincides with a waiver granted regarding Egypt’s primary budget surplus target.
The IMF’s recent approval of funding and adjustments in Egypt’s fiscal targets signifies a strategic move to support economic stability and investor confidence. While high inflation and currency shortages persist, continued financial reforms are aiding the economy. The disbursement is vital for managing imminent financial obligations and rolling over $20 billion in domestic treasury bills.
Original Source: www.arise.tv
