{"id":667854,"date":"2025-07-06T00:00:00","date_gmt":"2025-07-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/06\/imf-to-combine-fifth-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets\/"},"modified":"2025-07-06T00:00:00","modified_gmt":"2025-07-06T00:00:00","slug":"imf-to-combine-fifth-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/06\/imf-to-combine-fifth-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets\/","title":{"rendered":"IMF to combine fifth, sixth loan reviews to give Egypt time to meet reform targets"},"content":{"rendered":"

The International Monetary Fund has decided to combine the fifth and sixth reviews of <\/strong>Egypt\u2019s <\/strong>USD 8 b<\/strong>n Extended Fund Facility Arrangement<\/strong>, IMF Communications Director Julie Kozack confirmed in a press briefing<\/a> on Thursday following earlier unconfirmed reports<\/a>.<\/p>\n

(Tap or click the hea<\/strong>dline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

A combined review also means a delayed review<\/strong>, which the Fund now expects to take place in the fall \u2014 along with the USD 1.3 bn tranche that the government had been expecting to land in state coffers this month.<\/p>\n

\u201cM<\/strong>ore time is needed\u201d to make progress on the state withdrawing itself from the <\/strong>economy and the broader reform agenda<\/strong>, Kozack said. Although \u201cEgypt continues to make progress under its macroeconomic reform program,\u201d more needs to be done to enable the \u201cprivate sector to drive stronger and more sustainable growth\u201d and \u201cadvancing the state ownership policy and asset [divestment] program.\u201d<\/p>\n

The size of the combined tranche is TBD. <\/strong>\u201cIt would be premature for me to speculate at this stage\u201d on the size of the combined tranche as the country\u2019s financing need to be assessed in ongoing discussions, said Kozack<\/p>\n

The first review of the USD 1.3 bn<\/strong><\/a><\/strong>Resilience and Sustainability Facility<\/a><\/strong> will also take <\/strong>place alongside the sixth review<\/strong>, according to Kozack. The climate-focused fund has already been approved on schedule. <\/p>\n

The international press also took note of the announcement: <\/strong>Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fund expects the combined review to take place in the fall<\/p>\n","protected":false},"author":1,"featured_media":667855,"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":[7206],"tags":[7106,104,72,272,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-debt","tag-economy","tag-enterpriseam","tag-imf","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"cdb4f3fe-e1c4-4691-9c87-8360a75fc3d1","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/271.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IMF to combine fifth, sixth loan reviews to give Egypt time to meet reform targets","related_issue":[667840],"teaser":"The Fund expects the combined review to take place in the fall","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.752f9e1c-24da-4a2f-8885-c3bf98da0fce.mp3"},"yoast_head":"\nIMF to combine fifth, sixth loan reviews to give Egypt time to meet reform targets - 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\/07\/06\/imf-to-combine-fifth-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF to combine fifth, sixth loan reviews to give Egypt time to meet reform targets\" \/>\n<meta property=\"og:description\" content=\"The 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