Arab Republic of Egypt: Seventh Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Waivers of Applicability of Performance Criteria and Modification of Performance Criteria, and Monetary Policy Consultation, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the Arab Republic of Egypt

International Monetary Fund

No 2026/224, IMF Staff Country Reports from International Monetary Fund

Abstract: Egypt entered the recent war in the Middle East from a much stronger macroeconomic position than in previous episodes—supported by solid growth, declining inflation, stronger external buffers, and an improved primary fiscal balance—and responded swiftly with an orthodox policy mix. External conditions have since improved markedly following the U.S.–Iran agreement and broader regional de-escalation. Nonetheless, vulnerabilities remain elevated, reflecting high public debt and large gross financing needs. Accelerating reforms to reduce the state’s footprint and support the private sector remains essential.

Keywords: divestment proceeds; monetary policy consultation; sovereign bond; transaction adviser; financial market; balance data; Exchange rates; Inflation; Middle East; Global; Central Asia (search for similar items in EconPapers)
Pages: 148
Date: 2026-08-13
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