Egypt Unlocks Around $2.3 Billion in IMF Funding After Reviews

Egypt unlocked about $2.3 billion in loans after clearing reviews of an International Monetary Fund program that was expanded in 2024, a boost for a country whose currency and bonds have felt jitters over the prospect of a US-Iran war.

The completion of the fifth and sixth reviews of the Extended Fund Facility enables the Egyptian government to immediately withdraw about $2 billion.