This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Egypt and the IMF. Additional information can be found on Egypt and IMF country page, including official IMF reports and Executive Board documents in English that deal with Egypt.
IMF's Work on Egypt
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July 29, 2024
Today the IMF Executive Board completed the third review under the Extended Arrangement under the Extended Fund Facility (EFF) for Egypt, allowing the authorities to draw the equivalent of about [US$820] million (SDR 618.1 million).
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Transcript of IMF Press Briefing
July 11, 2024
MS. KOZACK: Good morning, everyone, both to those of you here in person and those joining us online. Welcome to this IMF Press Briefing. I'm Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. U.S. Eastern Time. Let me start with some announcements and then I will take your questions in person on Webex and via the Press Center.
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IMF Reaches Staff Level Agreement on the Third Review of the Extended Fund Facility with Egypt
June 6, 2024
An International Monetary Fund mission led by Ivanna Vladkova Hollar held in-person discussions with the authorities during May 12-26 in Cairo and virtually thereafter.
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April 26, 2024
Series:Country Report No. 2024/098
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Transcript of IMF Managing Directors Press Briefing on the Global Policy Agenda
April 18, 2024
Transcript of IMF Managing Directors Press Briefing on the Global Policy Agenda
Regional Economic Outlook
April 18, 2024
An Uneven Recovery amid High Uncertainty
The Middle East and North Africa and the Caucasus and Central Asia regions are positively impacted by the resilience of the global economy. Lower global commodity prices and vigilant policy responses have helped ease inflation in most countries. However, uncertainty and risks have risen amid ongoing conflicts, shipping disruptions, and reduced oil production. This is leading to an uneven recovery across the Middle East and Central Asia, with growth rates varying this year. Policymakers need to ensure economic stability and debt sustainability while navigating geopolitical risks and improving medium-term growth prospects. Amid high uncertainty, it is essential that countries implement reforms to enhance their fundamentals, including by strengthening institutions. Additionally, countries can seize potential economic opportunities amid shifting trade patterns by reducing long-standing trade barriers, diversifying products and markets, and improving infrastructure.
Read the Report