According to a statement from the CBE, the meeting aimed to follow up and discuss the latest developments in Egypt’s economic reform program.
The review comes as part of the ongoing loan agreement between Egypt and the Fund, aimed at supporting structural reforms and economic stabilization measures.
In April, the IMF revised its forecast to 4.3%, up by 0.2 percentage points from January, marking Egypt as one of the few countries to see growth in the region.
According to IMF figures cited by Business Insider Africa, South Africa is projected to retain its position as the continent’s largest economy, with a GDP of $410.34 billion.
In its latest World Economic Outlook, the IMF revised Egypt’s real GDP growth forecast upward by 0.2 percentage points for both 2024 and 2025
