IMF delays Egypt loan review, sets new deadline for September completion

Posted on July 4, 2025   |  

The IMF will complete Egypt’s fifth and sixth reviews under the Extended Fund Facility (EFF) by September 2025.

The delay is due to the need for additional time to finalize key policy reforms, particularly those aimed at reducing state control and enhancing private sector involvement.

Once these reviews are done, Egypt will receive $2.4 billion—two loan tranches from the total $8 billion agreement.

The decision comes after a May 6–18 IMF mission to Cairo, where discussions were described as productive.

The IMF stated that combining the two reviews allows more time for finalizing reforms, which will now be discussed in the fall.

Egypt has shown positive economic signs, including lower inflation and higher foreign exchange reserves.

The EFF programme began in December 2022 and was expanded in 2024 to support Egypt’s economic stabilization.