The International Monetary Fund (IMF) is set to conduct its fourth review of Egypt’s loan program on Tuesday, as announced by Egyptian Prime Minister Mostafa Madbouly and IMF Managing Director Kristalina Georgieva.
Georgieva highlighted the decrease in Egypt’s inflation rate, which fell from 37% in 2023 to between 25 and 26%. She also noted that the private sector plays a crucial role in creating job opportunities, which is essential for the over one million young people entering the labour market annually. The IMF aims to support the growth of this sector to ensure sufficient job creation.
Additionally, Georgieva projected that Egypt’s GDP growth is expected to reach 4.2% in the fiscal year 2025.
