Source: Middle East Online [UK]
“International Monetary Fund is not currently discussing an augmentation of Egypt’s two-year-old, $8 billion IMF loan program despite a severe impact from the Middle East war on the country’s economy, IMF Managing Director Kristalina Georgieva said on Wednesday. … Speaking to reporters, Georgieva made it clear that the existing Extended Fund Facility arrangement, approved in late 2024, remains unchanged and that no talks are taking place to expand its size or scope. … The announcement comes as Egypt grapples with significant economic challenges triggered by the Iran-Gulf war that erupted on February 28. The conflict has disrupted regional energy markets, raised global oil prices, and created uncertainty in maritime trade routes, all of which have strained Egypt’s key revenue sources — particularly Suez Canal receipts and tourism.” (04/16/26)
https://middle-east-online.com/en/imf-rules-out-augmentation-egypt%E2%80%99s-8-billion-loan-program