IMF Expects Egypt's Economy to Grow by 4.1% in FY2025/26

IMF's Communications Department Director Julie Kozack said that the IMF's forecasts for the Egyptian economy for the next fiscal year 2025/26 indicate a growth rate of 4.1%, compared to 3.6% in the previous fiscal year.

The director announced, during a press conference on Thursday, that the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group will start April 21.  

She added that inflation is expected to continue its downward trajectory, reaching 13.4% by the end of this period.

She confirmed that the IMF will update these forecasts as part of the World Economic Outlook update in April, taking into account recent developments.

Kozack explained that the IMF Executive Board concluded the 2025 Article IV consultations and completed the fourth review of the fund's Extended Fund Facility on March 10. This enabled the Egyptian authorities to withdraw $1.2 billion. The Board also approved the Resilience and Sustainability Facility (RSF), paving the way for Egypt to access approximately $1.3 billion over the program period.

Regarding the impact of the tariffs the United States intends to impose on imported cars, Kozack explained that the Fund is assessing the impact of these measures on the global economy, and the results of this assessment will be included in the World Economic Outlook report to be released in April.

She also announced that IMF Managing Director Kristalina Georgieva will deliver a keynote speech on the challenges facing the global economy on April 17.