IMF greenlights $1.2B tranche for Egypt

Updated 3/11/2025 7:29:00 AM
IMF greenlights $1.2B tranche for Egypt

Arab Finance: The International Monetary Fund (IMF) has approved the disbursement of $1.2 billion in a new tranche under Egypt’s $8 billion loan program, Minister of Finance Ahmed Kouchouk stated.

This marks the fourth tranche of the program, $2 billion of which had been received by Egypt.

It is worth noting that Kouchouk previously expected the country to receive the $1.2 billion tranche from the IMF in January.

On January 9th, President Abdel Fattah El-Sisi passed Law No. 247 of 2024, authorizing the increase of Egypt's share in the IMF by 50%.

In its  January World Economic Outlook Report, the IMF lowered its forecast for Egypt's real gross domestic product (GDP) growth by 0.5% and 1% for the current and next fiscal years (FYs) 2024/2025 and 2025/2026.

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Egypt Loan IMF

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