{"id":664723,"date":"2025-05-06T00:00:00","date_gmt":"2025-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/"},"modified":"2025-05-06T00:00:00","modified_gmt":"2025-05-06T00:00:00","slug":"imf-begins-fifth-review-of-our-loan-program-this-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/","title":{"rendered":"IMF begins fifth review of our loan program this week"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, al<\/strong><strong>l.<\/strong> We have another busy issue for you this morning to ring in the first hump day of May. Leading today\u2019s issue is the central bank\u2019s balance of payments report for the first half of the current fiscal year. Meanwhile, Egypt is inching closer to the liberalization of the electricity market, and a team from the IMF is inbound as the institution prepares to kick off its fifth review. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s another sunny day in Cairo, with a high of 32\u00b0C and a low of 21\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s almost as sunny in Alexandria<\/strong>, with a high of 31\u00b0C and a low of 17\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p class=\"tag-border-left\">FACT CHECK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our friends at Hassan Allam Holding aren\u2019t planning to list their <\/strong><strong>construction arm<\/strong>, contrary to a report making the rounds in other media yesterday. A company official tells us that the regional construction, engineering, and infrastructure giant has no intention of taking Hassan Allam Construction. A report had claimed the company planned to execute the transaction this month via a SPAC listing on the Egyptian Exchange. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- A team fro<\/strong><strong>m the <\/strong><strong>IMF<\/strong><strong> is en route to Egypt: <\/strong>\u201cA team from the International Monetary Fund will begin the fifth review of the Extended Fund Facility Arrangement in Cairo this week. Further details will be communicated at the conclusion of the mission,\u201d IMF Press Officer Angham Al Shami said in a note seen by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect: <\/strong>The preliminary mission from the Fund is set to touch down in Egypt at some point this week to begin reviewing data ahead of a two-week visit from a full mission in preparation for a staff report later down the line, three government sources told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re told that the Finance Ministry will present reports detailing reform progress<\/strong>, the draft budget for the upcoming fiscal year, and updated versions of the state's debt and tax policy documents. Also in the schedule are meetings with officials from the investment and international cooperation ministries and the central bank to discuss expected FX inflows, upcoming investment agreements, and the plan to boost FX reserves.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once the mission reviews and analyzes the data, a full IMF delegation will arrive to <\/strong><strong>complete the review<\/strong> and issue its report on whether Egypt has passed the fifth review, which will be passed on to the IMF\u2019s Executive Board for approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government expects to unlock a USD 1.3 bn disbursement from the review.<\/strong> While no timeline has been confirmed yet, we can expect the next disbursement in June, one of the sources told us.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- <\/strong><strong>A<\/strong><strong> tranche of t<\/strong><strong>he EUR 4 bn grant from the EU could land in state coffers <\/strong><strong>within weeks<\/strong>, EU Ambassador to Cairo Angelina Eichhorst told <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MENAArabic\/photos\/%D8%B3%D9%81%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A-%D9%84%D9%80-%D8%A3-%D8%B4-%D8%A3-%D9%85%D9%86-%D8%A7%D9%84%D9%85%D8%AA%D9%88%D9%82%D8%B9-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B4%D8%B1%D9%8A%D8%AD%D8%A9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%AD%D8%B2%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\/684071010909196\/?_rdr\" style=\"\" rel=\"noopener\">MENA news agency<\/a>. The financing \u2014 part of a broader EUR 5 bn macro-financial assistance package agreed in March 2024 \u2014 was approved by the European Parliament <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a209318-c490-44bc-903d-1a914667eed7\/%253cmark%253eeu%253c%2Fmark%253e-greenlights-eur-4-bn-of-macro-financial-assistance\" style=\"\" rel=\"noopener\">last month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talks are still ongoing: <\/strong>Egyptian-EU discussions regarding Egypt\u2019s reforms agenda under the assistance package are still ongoing<strong>, <\/strong>Planning Minister Rania Al Mashat told EnterpriseAM. Egypt is following up with the European Commission on the structural reform measures tied to the second phase of the package, she said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The state <\/strong><strong>is considering a proposal to allow every family to <\/strong><strong>purchase a residential unit with affordable mortgage terms<\/strong>, including a subsidized interest rate and a repayment period of eight years at most, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid09pswEN6eSLSbPeV3U6Vh9s9jDTfBVH7xzC1eC3E1WTrnKH1PTyhhqTrCqKrqTjyfl\" style=\"\" rel=\"noopener\">statement<\/a>. The initial plan prohibits selling the properties for a certain period of time.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- We will g<\/strong><strong>et our first insight into how Trump\u2019s tariffs are affecting the country\u2019s private <\/strong><strong>sector later today<\/strong> with the release of Egypt\u2019s PMI data for April from S&amp;P Global. The country\u2019s PMI <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4af23395-3bfd-4b0a-8f76-9fef8c96a252\/egypt%25e2%2580%2599s-non-oil-private-sector-activity-slips-back-into-the-red-in-march\" style=\"\" rel=\"noopener\">slipped back into contraction territory<\/a> in March after two months of modest growth, dragged down by weakening demand and slower output.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- President<\/strong><strong> of the European Bank for Reconstruction and Development <\/strong><strong>(EBRD) Odile Renaud-Basso will conclude her two-day visit to Egypt today. <\/strong>While in Egypt, Renaud-Basso\u2019s agenda includes meetings with President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, some other members of the Madbouly cabinet, and private sector players. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renaud-Basso hailed Egypt as one of the EBRD\u2019s most strategic markets<\/strong>, saying the bank is \u201cfully committed to supporting inclusive and sustainable economic growth, unlocking the vast potential of Egypt\u2019s green economy, and creating opportunities through private sector development, investment in critical infrastructure and job creation.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Planning Minister Rania Al Mashat emphasized Egypt\u2019s efforts to scale back public <\/strong><strong>investment and make room for private capital<\/strong> during her meeting with Renaud-Basso yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOICEgypt\/posts\/pfbid03ERbDPNoT1ceUXjJAAFADodoAu8Yo7GyLtTUPjxQAPFWh6y6opkrsyPqkobvvty6l\" style=\"\" rel=\"noopener\">statement<\/a>. Al Mashat noted that Egypt\u2019s private sector development financing hit a five-year high in 2024, surpassing government financing for the first time. The two also discussed preparations for the <a target=\"_blank\" href=\"https:\/\/globalevents.ebrd.com\/event\/AM25London\/home\" style=\"\" rel=\"noopener\">EBRD\u2019s 2025 Annual Meeting and Business Forum<\/a> in London on 13-15 May, set to foster further cooperation.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- It\u2019s the second <\/strong><strong>and final day of the D-8 ministerial meeting on tourism taking place in <\/strong><strong>Cairo. <\/strong>The meeting discussed increasing sector cooperation between member states \u2014 Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan, Turkey, and Egypt \u2014 and who the group will choose as its tourism capital, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0NhSS5oTzmpuZzH1QjZoEpfzbdV4xfaNbe72CWxsaNjAHCQo4h9bXyJPW1smjY4Etl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- It\u2019s the<\/strong><strong> fina<\/strong><strong>l day<\/strong><strong> of Siemens Mobility\u2019s two-day Mobility Talk student summit held at <\/strong><strong>Cairo University<\/strong>, a company <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/299.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> reads. The summit brings together over 2k engineering students and fresh grads for panels, workshops, and front-row seats to Egypt\u2019s high-speed rail project \u2014 part of Siemens\u2019 drive to localize talent and build out the country\u2019s rail workforce.<\/p>\n<p class=\"tag-border-left\">HAPPENING TOMORROW- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/panarabgolf.talaatmoustafa.com\/\" style=\"\" rel=\"noopener\">2025 Pan Arab Junior and Ladies Golf Championship<\/a><\/strong><strong> is kicking off tomorrow<\/strong> at Madinaty and Katameya Dunes. The four-day tournament is open to players from members of the Arab Golf Federation across multiple age groups and includes a ladies\u2019 category. The event will be open to spectators with a golf festival and other activities to draw in new audiences.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One for t<\/strong><strong>he F&amp;B professionals:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.figlobal.com\/africa\/en\/home.html\" style=\"\" rel=\"noopener\">Fi Africa<\/a> and <a target=\"_blank\" href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\" rel=\"noopener\">ProPak MENA<\/a> will take place between 2-4 June at the Egypt International Exhibition Center. The <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/300.pdf\" style=\"\" rel=\"noopener\">annual<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/300.pdf\" style=\"\" rel=\"noopener\">conference<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/300.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> \u2014 which focuses on the food, beverage, and packaging industries \u2014 will bring together over 400 exhibitors from Egypt, the Middle East, Asia, and Europe, as well as over 16k attendees. It will feature talks and workshops for F&amp;B and consumer goods manufacturers and showcase new technologies in a bid to promote potential investments and encourage sustainability and food waste reduction. You can register for the event <a target=\"_blank\" href=\"https:\/\/register.visitcloud.com\/survey\/27sjknhantkly?actioncode=CON107\" style=\"\" rel=\"noopener\">through the link<\/a> available on the Fi Africa and ProPak MENA websites.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gaza campaign intensifies: <\/strong>Israel\u2019s cabinet <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/05\/05\/israel-gaza-reoccupation-plan\/\" style=\"\" rel=\"noopener\">approved plans<\/a> yesterday to control large parts of Gaza indefinitely and relocate Palestinians to \u201csterile zones\u201d all across the strip, while taking over aid distribution. Israeli officials signalled the intensive plan will be implemented only if a ceasefire failed to materialize by the time US President Trump leaves the region after his anticipated gulf summit in mid-May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Houthis are not backing down: <\/strong>Despite intensifying strikes by the US and allies, the militant group <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-announce-campaign-targeting-israeli-airports-2025-05-05\/\" style=\"\" rel=\"noopener\">announced a \u201ccomprehensive\u201d aerial blockade<\/a> on Israel, promising to repeatedly target key airports and urging international airlines to cancel all flights to Israeli airports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>OpenAI listened to widespread criticism and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/05\/openai-says-nonprofit-retain-control-of-company-bowing-to-pressure.html\" style=\"\" rel=\"noopener\">decided to halt plans<\/a> to turn for-profit. The plan would have spun the ChatGPT maker into an independent entity from the nonprofit that currently holds a controlling stake, which <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9a1e68d6-0a84-40bc-9085-0c8fb7c0f598\" style=\"\" rel=\"noopener\">raised concerns<\/a> of subverting governance safeguards that are supposed to keep AI tech development in check.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>Trump is threatening tariffs (what else is new?) that could reach 100% <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/dcd6adeb-988a-4c86-b689-9ec2d8cf3946\" style=\"\" rel=\"noopener\">on films made<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/dcd6adeb-988a-4c86-b689-9ec2d8cf3946\" style=\"\" rel=\"noopener\">outside of the US<\/a>, a move that could significantly hurt movie production in many regions, including the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at Egypt\u2019s EGP 200 bn crap sector and what some businesses are doing to utilize it. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, all. We have another busy issue for you this morning to ring in the first hump day of May. Leading today\u2019s issue is the central bank\u2019s balance of payments report for the first half of the current fiscal year. Meanwhile, Egypt is inching closer to the liberalization of the electricity market, and a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":664724,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[72,272,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-664723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-imf","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"a66c6b58-7fdf-410b-a82d-eaf3fb53715e","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/11\/49.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IMF begins fifth review of Egypt\u2019s loan program this week","related_issue":[664721],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.382144c3-3975-4703-bba5-60b3a752b9b9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF begins fifth review of our loan program this week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF begins fifth review of our loan program this week\" \/>\n<meta property=\"og:description\" content=\"Good morning, all. We have another busy issue for you this morning to ring in the first hump day of May. Leading today\u2019s issue is the central bank\u2019s balance of payments report for the first half of the current fiscal year. Meanwhile, Egypt is inching closer to the liberalization of the electricity market, and a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/49.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IMF begins fifth review of our loan program this week\",\"datePublished\":\"2025-05-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/\"},\"wordCount\":1474,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/49.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"IMF\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/imf-begins-fifth-review-of-our-loan-program-this-week\/\",\"name\":\"IMF begins fifth review of our loan program this week - 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The news cycle is heating up, and coincidentally, so is the weather. Today\u2019s issue includes a rundown of the looming fifth IMF review now on the horizon, and news of Apple\u2019s new rollout model (which may take a toll on hardcore fans\u2019 wallets).THE BIG STORY TODAY\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2880.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":667744,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/02\/imf-likely-to-delay-our-fifth-review\/","url_meta":{"origin":664723,"position":1},"title":"IMF likely to delay our fifth review","author":"enterpriseam admin","date":"2 July 2025","format":false,"excerpt":"Good morning, all. We end this shorter-than-usual work week with a brisk issue, led by the latest on the fifth review of our IMF program and the long-awaited amendments to the Old Rent Law. ** A QUICK PROGRAMING NOTE- EnterpriseAM Egypt will be joining the rest of you in taking\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/121.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668308,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/13\/banque-du-caire-safi-wataneya-to-debut-before-imf-reviews\/","url_meta":{"origin":664723,"position":2},"title":"Banque du Caire, Safi + Wataneya to debut before IMF reviews","author":"enterpriseam admin","date":"13 July 2025","format":false,"excerpt":"Good afternoon, friends, we hope your week got off to a good start. The news cycle seems to be taking it easy today, and we\u2019d suggest you do the same. THE BIG STORY TODAY- Banque du Caire, Safi + Wataneya to debut before IMF reviews: The government is planning to\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/820.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635289,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/29\/imf-board-discussed-our-third-review-today\/","url_meta":{"origin":664723,"position":3},"title":"IMF board discussed our third review today","author":"enterpriseam admin","date":"29 July 2024","format":false,"excerpt":"Good morning, everyone. It is another busy morning here in Egypt and we don\u2019t expect the news flow to slow down anytime soon as we sit tight awaiting the results of the IMF board\u2019s discussion of our third review. BUT FIRST- Do you want to attend our 2024 Enterprise Finance\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584032,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/this-morning-imf-egypt-loan-review-date-still-tbc\/","url_meta":{"origin":664723,"position":4},"title":"THIS MORNING: IMF Egypt loan review date still TBC","author":"enterpriseam admin","date":"26 March 2023","format":false,"excerpt":"The review was supposed to be underway on 15 March","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/421.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":678084,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/24\/imf-to-front-load-usd-2-7-bn-in-liquidity-to-egypt-next-month\/","url_meta":{"origin":664723,"position":5},"title":"IMF to front-load USD 2.7 bn in liquidity to Egypt next month","author":"enterpriseam admin","date":"24 December 2025","format":false,"excerpt":"Good afternoon, friends. We\u2019re starting up our weekly wind-down and looking forward to a festive Christmas Eve spent with friends and family \u2014 we hope you\u2019re doing the same. 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