The International Monetary Fund (IMF) has completed the fifth and sixth reviews of Egypt's economic reform program under the Extended Fund Facility Agreement, along with the first review of the Flexible and Sustainable Support Program. This approval enables Egypt to access approximately $2.3 billion immediately, which is part of the broader economic support aimed at addressing significant inflationary pressures and a foreign currency shortage, challenges that have been exacerbated in the region.

The funding consists of nearly $2 billion from the extended program, which has a duration of 46 months, and an additional $273 million from the flexible and sustainable support mechanism. This brings the total financial assistance Egypt has received from both programs to about $5.2 billion. Previously, in December 2022, Egypt had agreed to a $3 billion loan, which was later expanded to a total of $8 billion by March 2024 as the economic situation warranted heightened support.

As part of the economic landscape, Egypt has experienced severe inflation rates, which peaked at 38% in September 2023, but recent months have shown signs of stabilization with the annual inflation rate for urban consumer prices recorded at 11.9% in January. The IMF's statement also highlighted improvements in economic conditions, suggesting a cautious but positive outlook for Egypt's financial recovery through this extended international support until December 2026.