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Egypt's economic growth is projected to reach 4% in the 2024/25 fiscal year, and inflation is expected to fall below 15%, according to the International Monetary Fund's mission chief for the country.
Discussions between the IMF and the Egyptian government regarding access to climate transition financing from the Fund's Resilience and Sustainability Facility (RSF) will continue in the autumn.
Prime Minister Mostafa Madbouly previously stated that the country would seek around $1.2 billion from the RSF.
Egypt can already draw $820 million from its latest 46-month IMF $8 billion loan programme, following the fund's completion of its third review.
Boosting tax revenue is a priority reform issue that will be discussed during the programme's fourth review, as Egypt needs tax resources to address its priority needs.
The outstanding reviews under the programme will take place every six months until autumn 2026, with each disbursement currently scheduled at approximately $1.3 billion.
