The International Monetary Fund and Egyptian authorities have reached a staff-level agreement on the seventh review under the Extended Fund Facility and the second review under the Resilience and Sustainability Facility. The agreement was announced on June 29, 2026, and remains subject to approval by the IMF Executive Board. If approved, Egypt would receive about $1.6 billion in financing.

The financing would include $1.5 billion under the Extended Fund Facility and $136 million through the Resilience and Sustainability Facility. The IMF said the agreement reflects progress in Egypt’s reform program. It also said the Egyptian economy has remained resilient despite regional and global pressures.

The IMF mission held discussions with Egyptian authorities in Cairo from May 11 to 21, followed by virtual meetings. The talks focused on policies intended to support economic stability and growth. According to the IMF, Egypt’s response included energy price adjustments, reduced government energy use, revised spending priorities, and increased social protection measures.

Egypt’s real GDP growth reached 5 percent in the third quarter, bringing growth for the first three quarters of the fiscal year to 5.2 percent. The IMF also said reserves remained broadly stable by the end of March 2026, while portfolio inflows helped support the exchange rate. However, the fund warned that risks remain from global inflation pressures and regional tensions.