The International Monetary Fund (IMF) has released $1.2 billion to Egypt as part of the country’s ongoing economic reform plan. This marks the fourth payment under the Extended Fund Facility (EFF) programme. The announcement was made by the Egyptian cabinet earlier this week. The payment is part of a larger $8 billion agreement between Egypt and the IMF. This agreement, which began in March 2024, extended the original $3 billion deal that was first approved in 2022. The IMF’s Executive Board gave the go-ahead for this disbursement on March 10, 2025, after reviewing Egypt’s progress in its reform efforts. In addition to the EFF support, the IMF also approved a new loan package for Egypt under the Resilience and Sustainability Facility (RSF). This new package gives Egypt access to about $1.3 billion to help improve long-term economic stability and support sustainable development. Egypt has been working with the IMF to tackle serious economic issues, including high inflation and a shortage of foreign currency. This fresh disbursement is expected to boost Egypt’s foreign reserves and help keep the economic reform programme on track.