The International Monetary Fund (IMF) has announced reaching a preliminary agreement with Egypt, enabling the disbursement of $2.5 billion in financing as part of a program to help Cairo liberalize its economy.
In March 2024, the IMF approved an expanded package of approximately $8 billion over nearly four years for Egypt, which is facing one of the worst economic crises in its history. The package is conditional on implementing a series of economic reforms.
In March 2025, the international financial institution agreed to grant Cairo a new loan of $1.3 billion.
Preliminary Agreement “Based on the Fifth and Sixth Reviews”
The IMF announced on Tuesday that it has reached a preliminary agreement “based on the fifth and sixth reviews under the Extended Fund Facility arrangement and the first review under the Resilience and Sustainability Facility arrangement.”
The efforts to stabilize the economy have achieved significant gains, and the Egyptian economy is showing signs of robust growth. It was emphasized that “it is necessary to accelerate efforts to reduce the role of the state moving forward.”
If the IMF’s Executive Board approves the preliminary agreement, $2.5 billion from the expanded $8 billion loan will be released, in addition to the $1.3 billion under the deal agreed upon earlier in the year.
International Monetary Fund
The International Monetary Fund (IMF) is an international financial institution established in 1944 at the Bretton Woods Conference to promote global monetary cooperation and financial stability. Its primary roles include providing policy advice, financial assistance to member countries facing balance of payments problems, and facilitating international trade.
IMF
The International Monetary Fund (IMF) is an international financial institution established in 1944 at the Bretton Woods Conference to promote global monetary cooperation and financial stability. Its primary roles include providing policy advice, financial assistance to member countries facing balance of payments problems, and facilitating international trade.
Egypt
Egypt is home to one of the world’s oldest civilizations, with a recorded history spanning over 5,000 years and famed for its monumental pharaonic achievements like the Pyramids of Giza and the Sphinx. Its rich cultural heritage, from ancient temples along the Nile to Islamic Cairo and Coptic sites, reflects a continuous legacy of influential empires and religions. Modern Egypt remains a pivotal cultural and political center in the Arab world, built upon this profound historical foundation.
Cairo
Cairo is the sprawling capital of Egypt, founded in 969 CE by the Fatimid dynasty near ancient capitals like Memphis. It is famously home to historic Islamic districts, the Pyramids of Giza on its outskirts, and the Egyptian Museum, serving as a central hub of Arab culture and history for over a millennium.
