Egypt has secured immediate access to about $1.8 billion in fresh funding following the completion of two key financial program reviews.

The International Monetary Fund said in a statement on Thursday that its Executive Board concluded the seventh review under the Extended Fund Facility and the second review under the Resilience and Sustainability Facility.

The approval allows Cairo to draw roughly $1.5 billion under its primary loan arrangement alongside $272 million in sustainability financing, pushing total disbursements under the current package to $7.3 billion.

Egypt originally secured a $3 billion loan in December 2022, which was expanded to $8 billion in March 2024 to combat severe foreign currency shortages and surging inflation.

The Fund credited exchange rate flexibility, fuel price adjustments, and fiscal discipline for bolstering macroeconomic stability, enabling the economy to withstand regional conflict spillovers better than previous external shocks.

Data from the Washington base lender indicates Egypt’s real gross domestic product grew 5.0% in the third quarter of fiscal year 2025/26, with full-year economic expansion projected at 4.6%.

Headline inflation eased to 14.3% in June 2026, supported by rebounding remittances and tourism receipts, though prices are projected to rise temporarily to 16.7% in late 2026 due to energy adjustments.

The primary fiscal surplus is projected to expand to 5.0% of GDP in FY2026/27, up from 4.8% in FY2025/26, alongside a 1.2 percentage point increase in tax revenues.

Despite performance gains, the multilateral lender cautioned that elevated public debt, heavy financing requirements, and slow state-asset divestments continue to constrain fiscal space and private sector growth.