Egypt reports strong economic performance ahead of IMF visit

Egypt’s Prime Minister Moustafa Madbouly chaired the Economic Ministerial Group meeting on Wednesday to review developments in the government’s economic reform programme, implemented with the Central Bank of Egypt (CBE) under the International Monetary Fund’s (IMF) Resilience and Stability Programme. The IMF mission is scheduled to visit in early December for the fifth and sixth programme reviews.

Officials noted that inflation is expected to decline further in December, supported by regional stability, and reaffirmed Egypt’s commitment to maintaining a flexible exchange rate policy. The meeting highlighted strong economic performance, including lower inflation, reduced public debt, improved tax policy, and higher tax revenues, alongside ongoing reforms such as sector divestment, enhanced debt management, and greater financial transparency.

Minister of Planning and Economic Development Rania Al-Mashat outlined the expansion of projects under the Nexus of Water, Food, and Energy (NWFE) program, focusing on climate resilience. Structural reforms across economic, social, and sectoral areas were also discussed, covering legal updates, strategic planning, institutional efficiency, business facilitation, and investment incentives, particularly in industry and energy.

Financial results for July–September 2025/26 showed a record primary surplus of about 179 billion Egyptian pounds, up from 90 billion pounds in the same period last year. Finance Minister Ahmed Kouchouk noted significant improvements in tax revenues through digitalized systems, alongside increased allocations for health, education, and social support programmes.

Attribution: Amwal Al Ghad English