IMF Chief Visits Egypt to Review $8 Billion Program’s Progress ...Egypt

President Abdel Fattah Al-Sisi met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), and her delegation in Cairo on Sunday, 2 November. The visit comes before the IMF’s fourth review of Egypt’s loan program, potentially unlocking an additional USD 1.2 billion (EGP 58.7 billion) in financing, essential for sustaining Egypt’s reform initiatives. At the heart of the discussions was Egypt’s pressing need to reduce inflation, which reached 37 percent last year, while ensuring the country’s most vulnerable populations remain supported amid ongoing subsidy cuts. Prime Minister Mostafa Madbouly emphasized Egypt’s dedication to a flexible exchange rate system, a c

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