An International Monetary Fund (IMF) mission is scheduled to arrive in Cairo in early December to conduct the fifth and sixth reviews of Egypt’s economic reform program, according to sources cited by Al Arabiya.
Upon completion of these reviews, Egypt is set to receive $2.4 billion.
Mohamed Maait, Executive Director representing the Arab Group and the Maldives at the IMF, confirmed in a recent interview that Egypt will also receive an additional $274 million from the IMF’s Resilience and Sustainability Trust, to be disbursed alongside the fifth and sixth tranches.
Maait highlighted Egypt’s commitment to exchange rate flexibility, noting that a stronger Egyptian pound is a natural outcome of increased dollar revenues. He added that recent fuel price hikes could temporarily raise inflation, but the overall trend remains toward lower inflation. A new plan for public offerings was also developed in coordination with the IMF.
Prime Minister Mostafa Madbouly stated Tuesday that the government is preparing to welcome the IMF technical mission in the coming weeks to carry out the reviews. Madbouly emphasized that Egypt’s foreign exchange revenues now fully cover its needs, occasionally exceeding them, with surpluses being used to bolster the country’s foreign currency reserves.
Egypt’s foreign reserves rose to $50.07 billion in October, up from $49.53 billion in September, reflecting real growth in productive sectors rather than reliance on volatile “hot money,” according to the Prime Minister.
The IMF had previously merged the fifth and sixth reviews into a single review in July 2025, and Egyptian authorities have maintained constructive discussions with IMF officials during the autumn meetings in October. The Fund has also advised that further reforms, particularly regarding state asset management and privatization, are needed for Egypt to continue progressing with its program.
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