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Egypt: IMF Raises Egypt's Growth Forecast to 3.8 Percent
- From May 6 to 18, 2025, a delegation from the International Monetary Fund, headed by Ms. Vladkova Hollar, conducted the fifth evaluation mission in Cairo as part of Egypt's Extended Fund Facility program.
- The mission followed Egypt's March 2024 agreement for $8 billion financial support and assessed the country’s economic performance and reform commitments under the program.
- The IMF recognized Egypt’s macroeconomic stabilization, highlighting improved tax procedures, fiscal discipline, and a rise in private sector investment despite a still-wide current account deficit.
- Ms. Hollar highlighted that inflation in April edged up to 13.9 percent but continues to decline overall, and she emphasized that ongoing reforms are beginning to produce positive outcomes, supporting an upward revision of the growth forecast to 3.8 percent.
- Virtual talks will continue to finalize policies needed to complete the fifth review, and the IMF emphasized deeper structural reforms to further strengthen Egypt’s economic resilience and private sector growth.
12 Articles
12 Articles
Egypt: IMF Raises Egypt's Growth Forecast to 3.8 Percent
The International Monetary Fund (IMF) has raised Egypt's economic growth forecast for fiscal year 2024/25 to 3.8 per cent, reflecting stronger-than-expected performance in the first half of the year and a surge in private sector activity.
In its most recent assessment of the progress of our economy, the International Monetary Fund (IMF) showed satisfaction with what has been achieved in recent years, especially in macro indicators; however, it also raised important observations and suggestions of public policy. Its assessments are included in the Final Report of the monitoring carried out annually to the partner countries, issued on 13th of this month, according to Article IV of …
IMF says Egypt making progress, still needs to widen tax base
Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen its tax base, the International Monetary Fund said on Tuesday after a review mission to the country.
IMF completes fifth review of Egypt’s $8 billion rescue program
Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen its tax base, the International Monetary Fund said on Tuesday after a review mission to the country. An IMF team visited Egypt from 6 May to 18 May as part of its fifth review of an $8 billion financial support agreement signed in March 2024. "Egypt has made substantial progress toward macroeconomic stability," s…
IMF Commends Egypt’s Economic Progress But Advises A Wider Tax Base
Egypt was forced to seek assistance from the IMF last year after being plagued with high inflation, shortages of foreign currency, and a sharp decline in Suez Canal revenue as a result of geopolitical tensions. After a review mission to Egypt, the International Monetary Fund (IMF) said on Tuesday that the country is progressing towards macroeconomic stability and has been streamlining tax and customs procedures. However, it said that Egypt stil…
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