Egyptian Investment Minister Hassan El-Khatib met with an International Monetary Fund (IMF) delegation on Monday to present the country’s ongoing financial and structural reform agenda.
The IMF expressed “optimism” about the progress achieved, even though the scheduled fifth and sixth reviews of the country’s financing program have been delayed.
Minister El-Khatib emphasized that the implemented measures are carefully targeted, focusing on monetary stability, fiscal reform, and strengthening the private sector’s role. The government’s strategy aims to enhance Egypt’s competitiveness and position the nation as a key export hub by closely linking trade and investment.
While IMF representatives praised the strategy’s clarity and its medium-term prospects, they stressed that success hinges on the full implementation of structural reforms and the continued gradual withdrawal of the state from certain economic sectors. The fifth and sixth reviews of the billion program were merged and postponed to late 2025 to allow authorities more time to advance privatization and asset diversification policies, as Egypt was deemed behind schedule on some commitments.
If Egypt meets the outstanding conditions, it stands to receive two additional tranches totaling billion from the IMF program.
MK/sf/lb/abj/APA