{
Mohamed Maait

People

}
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Egypt to receive 1.2 billion loan tranche as fuel subsidy reforms continue

Egypt is set to receive a USD 1.2 billion loan tranche from the IMF, following the approval of its fourth disbursement under an extended support program. The IMF acknowledges Egypt's economic reforms, including reduced inflation and rising foreign reserves, while reaffirming the country's commitment to lifting fuel subsidies by December 2025, supported by favorable global oil prices. Future program reviews are planned to ensure continued progress amidst ongoing economic challenges.
WAYA
United States Dollar International Monetary Fund FUND EGY Ahmed Kouchouk Mohamed Maait
Finance & Economy, Press Release
11:33 12.03.2025

Egypt to receive 1.2 billion loan tranche as fuel subsidy reforms continue

Egypt is set to receive a USD 1.2 billion loan tranche from the IMF, following the approval of its fourth disbursement under an extended support program. The IMF acknowledges Egypt's economic reforms, including reduced inflation and rising foreign reserves, while reaffirming the country's commitment to lifting fuel subsidies by December 2025, supported by favorable global oil prices. Future program reviews are planned to ensure continued progress amidst ongoing economic challenges.
WAYA
United States Dollar International Monetary Fund FUND EGY Ahmed Kouchouk Mohamed Maait
Finance & Economy, Press Release
11:33 12.03.2025
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