The International Monetary Fund (IMF) has projected a robust growth rate of 5.1% for the Egyptian economy in the fiscal year 2025-2026, according to its latest report.
Looking further ahead, the IMF anticipates an even higher growth rate of 5.6% for the fiscal year 2028-2029.
Currently, Egypt’s foreign reserves are at their highest level, reaching about $46.5 billion.
This increase is attributed to rising foreign investments and remittances from Egyptians working abroad over recent months.
The positive economic outlook has been bolstered by measures taken on March 6 to unify the exchange rate and support foreign direct investment flows.
These reforms have enhanced investor confidence and capital inflows.
Additionally, Egypt repaid about $14 billion in external debt within five months, signaling a strong ability to meet its financial obligations.
The country has also resolved the release of over $25 billion worth of goods that were previously stuck in Egyptian ports since the beginning of this year.
The Egyptian government is currently focusing on bolstering productive sectors such as agriculture, industry, exports, and tourism, as well as leveraging remittances from abroad and revenues from the Suez Canal.
These efforts aim to strengthen the Egyptian pound and ensure the availability of essential goods in the market. The government’s strategies are designed to stabilize the economy and reduce inflation by increasing the supply of goods in the coming months.
