Egypt has repaid $16 billion to the International Monetary Fund since launching its economic reform programme in 2016, the IMF’s executive director, Mohamed Maait, told AlQahera News Channel.
Egypt’s outstanding debt to the Fund fell to $9.3 billion by the end of June 2026, Maait said, adding that the final review of the country’s current IMF programme is expected to be completed in November.
Egypt has entered into three IMF programmes since 2016 and has met all scheduled repayments, while maintaining a flexible exchange-rate policy, he said.
Inflation has declined significantly and foreign-exchange reserves have risen to an unprecedented level, Maait added.
The implementation of Egypt’s state-ownership policy programme has strengthened the economy’s resilience to crises, while economic growth has accelerated to more than 5%.
The Egyptian economy has absorbed shocks stemming from conflicts in the Middle East, Maait said, adding that the IMF programme had helped support the country’s economy.
