*The IMF has approved the release of roughly $2.3bn to Egypt following the completion of the fifth and sixth reviews of Cairo’s reform program. The disbursement includes around $2bn under the Extended Fund Facility (EFF) and $273mn under the Resilience and Sustainability Facility (RSF), bringing Egypt’s total drawings under the two facilities to about $5.2bn. Local media report the funds have already reached state coffers.
*The IMF struck a cautiously positive tone on Egypt’s economic trajectory. “The authorities’ stabilization measures continue to take effect. Economic growth is picking up; tight monetary policy has helped reduce inflation; and the external position has improved,” the Fund said. The IMF also revised up its 2026 growth forecast to 4.7% from 4.5% in its latest outlook (MEES, 13 February). (CONTINUED - 219 WORDS)
