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Prime Minister Dr. Mustafa Madbouly confirmed that negotiations with the IMF mission are making significant progress, and that the cooperation program will end by the end of 2026. The Fund praised the Egyptian efforts to absorb the repercussions of regional and international crises.
Dr. Mustafa Madbouly, Prime Minister, announced that the ongoing negotiations with the IMF mission are witnessing a tangible positive development, stressing that the reviews are moving in the right direction. Madbouly expressed optimism about the expected results, especially as the work of the mission continues in the coming days. The Prime Minister revealed that the cooperative program between Egypt and the International Monetary Fund is scheduled to end by the end of 2026, noting that the discussions included A comprehensive review of the program, with the Executive Director of the Fund confirming her keenness to complete the review process. Madbouly pointed to the pivotal meeting between President Abdelfattah ElSisi and the Executive Director of the International Monetary Fund, which came on the sidelines of the Africa-France Summit held in Kenya. He explained that this meeting was at the initiative of the Fund Manager personally. The Prime Minister noted the Director's high praise The implementation of the exceptional efforts made by the Egyptian state and the government to face the challenges resulting from regional conflicts and their global effects. She stressed her appreciation for the proactive measures taken by the Egyptian government and its ability to deal with these challenges effectively, which enabled the country to avoid as much potential losses as possible.
Source: Al-Wehda Al-Arabia News Portal
