IMF expresses confidence in Egypt's economic reforms, cautions on future challenges

Egypt’s economic recovery remains uncertain as regional conflicts and IMF loan conditions pose ongoing challenges. The IMF’s latest report, released Monday, acknowledged Egypt’s “satisfactory” progress on its $8 billion loan program but highlighted significant risks to stability. While investor confidence has increased following the March flotation of the Egyptian pound, the economy showed signs of weakness in the first half of fiscal year 2024-25, the report noted.