{"id":666055,"date":"2025-05-28T00:00:00","date_gmt":"2025-05-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/28\/imf-authorities-made-good-progress-during-fund-missions-recent-visit\/"},"modified":"2025-05-28T00:00:00","modified_gmt":"2025-05-28T00:00:00","slug":"imf-authorities-made-good-progress-during-fund-missions-recent-visit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/28\/imf-authorities-made-good-progress-during-fund-missions-recent-visit\/","title":{"rendered":"IMF, authorities made \u201cgood progress\u201d during Fund mission\u2019s recent visit"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>How is the IMF\u2019s fifth review of our loan program panning out? <\/strong>The IMF and Egyptian authorities made \u201cgood progress on the assessment of economic performance and implementation of policy commitments\u201d during the time the team from the Fund spent in Cairo earlier this month, according to an IMF <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2025\/05\/27\/pr-2516-egypt-imf-staff-completes-review-mission-to-egypt#:~:text=The%20IMF%20team%20and%20the,Fund%20Facility%20(EFF)%20arrangement\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> A team from the IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a66c6b58-7fdf-410b-a82d-eaf3fb53715e\/imf-begins-fifth-review-of-egypt%e2%80%99s-loan-program-this-week\" style=\"\" rel=\"noopener\">was in Cairo<\/a> earlier this month to meet with officials from the central bank, and the finance, investment, and international cooperation ministries for its fifth review of the country\u2019s Extended Fund Facility arrangement. The two sides took part in discussions centered around economic and financial policies \u201cthat could underpin the completion of the fifth review.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fifth review will unlock a USD 1.3 bn.<\/strong> While no timeline has been confirmed yet, we can expect the next disbursement in June, one of our sources previously told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re doing something right: <\/strong>The statement highlighted a notable y-o-y increase in the private sector\u2019s investment share, which reached 60% in the first half of the current fiscal year, up from the 38.5% recorded during the comparative period last year. The Fund also noted efforts to modernize and streamline tax and customs reforms, saying they are starting to show results. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But we still have ways to go: <\/strong>The Fund urged further revenue mobilization through widening the tax base and streamlining tax exemptions to support higher social and development spending. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWith the macroeconomic stabilization now underway, it is critical for Egypt to carry out <\/strong><strong>deeper reforms to unlock the country\u2019s growth potential<\/strong>, create high-quality jobs for a growing population, and sustainably reduce its vulnerabilities and increase the economy\u2019s resilience to shocks,\u201d Mission Chief for Egypt Ivanna Hollar said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More needs to be done on the privatization front: <\/strong>\u201cDecisively reducing the role of the public sector in the economy and leveling the playing field for all economic agents should be key policy priorities. The implementation of the State Ownership Policy and the asset divestment program in sectors where the state has committed to reduce its footprint will play a critical role in strengthening the ability of the private sector to better contribute to economic growth in Egypt,\u201d Hollar said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Madbouly government expects to raise USD 4-5 bn from selling stakes in 11 state-owned companies during the fiscal year 2025-2026 as a part of its privatization program, a government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97a9e9f2-a50c-4b34-9748-6c28a0cf6397\/gov%25e2%2580%2599t-aims-to-raise-usd-4-5-bn-from%253cmark%253e-privatization%253c%2Fmark%253e-in-fy-2025-26\" style=\"\" rel=\"noopener\">previously told<\/a> EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2025 has been pretty dry for privatization: <\/strong>While we kicked in 2025 with big privatization aspirations after Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dea8e346-ad41-4501-829e-eb79835b9e95\/government-to-offer-up-stakes-in-ten-companies-to-strategic-investors-and--on-the-egx-in-2025\" style=\"\" rel=\"noopener\">announced<\/a> that the government is planning to offer up stakes in ten state-owned companies throughout the year, we are yet to see any of that materialize.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The two sides will continue their discussions regarding policies and reforms virtually, paving the way for the completion of the fifth review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMF and Egyptian authorities will continue their discussions regarding policies and reforms 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authorities made \u201cgood progress\u201d during Fund mission\u2019s recent visit","related_issue":[666047],"teaser":"The IMF and Egyptian authorities will continue their discussions regarding policies and reforms virtually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.9b2a7bd8-5902-4fd0-af7a-b182eb0a4526.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, authorities made \u201cgood progress\u201d during Fund mission\u2019s recent visit - 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\/28\/imf-authorities-made-good-progress-during-fund-missions-recent-visit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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&quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/572.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544866,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/here-we-go-egypt-imf-confirm-talks-over-new-program\/","url_meta":{"origin":666055,"position":3},"title":"Here we go: Egypt, IMF confirm talks over new program","author":"enterpriseam admin","date":"24 March 2022","format":false,"excerpt":"It\u2019s official: The government has requested support from the IMF to mitigate the impact of the war in Ukraine on its economy. Statements from the IMF and cabinet yesterday confirmed that the two sides are in talks on a new program, though it remains unclear what kind of assistance the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547846,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/imf-talks-were-productive-but-theres-no-new-help-just-yet\/","url_meta":{"origin":666055,"position":4},"title":"IMF talks were \u201cproductive,\u201d but there\u2019s no new help just yet","author":"enterpriseam admin","date":"17 July 2022","format":false,"excerpt":"\u201cProductive discussions\u201d with the IMF \u2014 but no agreement yet: The IMF and Egyptian officials held \u201cproductive discussions\u201d on a fresh assistance programme during recent meetings in Cairo, the Fund and a government spokesperson said in separate statements this past Friday. The staff-level talks, which took place between 26 June\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/163.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550127,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/16\/agreement-on-imf-loan-coming-very-soon-following-dc-meeting\/","url_meta":{"origin":666055,"position":5},"title":"Agreement on IMF loan coming \u201cvery soon\u201d following DC meeting","author":"enterpriseam admin","date":"16 October 2022","format":false,"excerpt":"Close, but no cigar: A meeting between Egyptian officials and the IMF yesterday ended with the two sides not yet able to announce an agreement on a long-awaited emergency loan package to the country. IMF staff and top Egyptian officials \u201cagreed to finalize their work to reach a staff-level agreement\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/230.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=666055"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666055\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/666047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666056"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666055"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666055"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}