The International Monetary Fund (IMF) is currently engaged in discussions with the Egyptian government to assess the economic implications of the ongoing Iran conflict, as Fund experts continue close coordination with authorities to advance the seventh review of Egypt’s reform programme.
According to Julie Kozack, Director of Communications at the IMF, in remarks to Asharq Business, technical teams are working “closely with the authorities” to complete the review by the summer, while simultaneously evaluating the broader impact of Middle East developments on Egypt’s economic outlook. The IMF reiterated its commitment to supporting Egypt as conditions evolve, ensuring the government can meet programme requirements.
The seventh review is scheduled for 15 June, paving the way for a potential disbursement of $1.65 billion, including approximately $136 million under the Resilience and Sustainability Facility. A final eighth review is set for 15 November, linked to a similar tranche, bringing total expected disbursements to $3.3 billion, contingent on the pace of agreed structural reforms.
Earlier this year, the IMF approved the fifth and sixth reviews under Egypt’s expanded programme—originally scaled up in 2024—unlocking $2.3 billion in immediate financing. The programme includes an $8 billion Extended Fund Facility alongside an additional $1.3 billion under the sustainability framework.
Egypt’s economy has shown resilience, recording growth exceeding 5.3% in the first half of the 2025–2026 fiscal year, supported by improvements across productive and service sectors, according to official statements cited by Asharq Business. The government is targeting close to 5% growth for the full fiscal year, compared with 4.4% in the previous cycle.
As The Middle East Observer notes, the intersection of geopolitical risk and reform implementation will remain pivotal in determining both the timing of IMF disbursements and Egypt’s broader macroeconomic trajectory in the months ahead.
