This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Egypt and the IMF. Additional information can be found on Egypt and IMF country page, including official IMF reports and Executive Board documents in English that deal with Egypt.
IMF's Work on Egypt
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September 1, 2020
Author/Editor:International Monetary Fund. Middle East and Central Asia Dept.
Series:Country Report No. 2020/271 -
August 10, 2020
Author/Editor:International Monetary Fund. Middle East and Central Asia Dept.
Series:Country Report No. 2020/266 -
Five Charts That Illustrate COVID-19’s Impact on the Middle East and Central Asia
July 16, 2020
The Middle East and Central Asia countries acted quickly and decisively in response to COVID-19. Despite their efforts, the pandemic has inflicted heavy economic damage on the region. Growth projections have been revised down since the April 2020 Regional Economic Outlook, the IMF says in its latest update to the report.
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July 13, 2020
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IMF Executive Board Approves 12-month US$5.2 Billion Stand-By Arrangement for Egypt
June 26, 2020
The IMF approved a 12-month Stand-by Arrangement (SBA), with total access of about US$5.2 billion to address balance of payments financing needs arising from the COVID-19. Approval of the SBA enables the immediate disbursement of about US$2 billion. The SBA will support the authorities’ efforts to preserve the macroeconomic achievements made over the past four years, and advance key structural reforms. Structural reforms will aim to continue strengthening the frameworks for public finances, improve governance and transparency, and reduce barriers to competition to ensure a path towards sustainable and inclusive private sector-led growth.
Regional Economic Outlook
July 13, 2020
The Middle East and Central Asia (MCD) region has reacted to the global COVID-19 pandemic with swift and stringent measures that have saved lives. However, these policies have also had a large impact on domestic economic activity. With several countries in the region beginning reopening in past weeks, and a recent uptick in activity, rising infection numbers may pose risks. A sharp decline in oil prices together with production cuts among oil exporters and disruptions in trade and tourism added further headwinds. As a result, growth in the region is now projected at –4.7 percent in 2020, 2 percentage points lower than in April 2020. The unusually high level of uncertainty regarding the length of the pandemic and its impact on firm closures, the resulting downside risks (including social unrest and political instability), and potential renewed volatility in global oil markets dominate the outlook. The pandemic will continue to test countries’ health capacity and economic resilience. While ensuring strong health systems remains the immediate priority, governments should also focus on supporting the recovery and setting up resilient and well-targeted social safety nets. As the pandemic wanes, countries should facilitate recovery by easing the reallocation of workers and resources, as needed, while resuming gradual fiscal adjustment and rebuilding policy buffers. Multilateral support can play a key role in helping countries surmount these shocks.Read the Report