Egyptian Prime Minister Mostafa Madbouly announced that Egypt’s economy grew by 4.77% in the third quarter of the 2024–2025 fiscal year, a significant improvement compared to 2.2% during the same period last year.
Speaking at a press conference, Madbouly said the figures indicate that Egypt’s economy is on a recovery path, despite global and regional challenges.
The Prime Minister also addressed Egypt’s ongoing negotiations with the International Monetary Fund (IMF), clarifying that the fifth and sixth reviews of the IMF loan program will now be combined. He explained that certain planned asset sales under the government’s privatization program were delayed due to regional geopolitical tensions, leading to a mutual agreement with the IMF to merge the two reviews.
Madbouly reaffirmed the government’s commitment to economic reform, emphasizing that Egypt remains focused on supporting growth and maintaining fiscal discipline amid external shocks.
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