Egypt just secured another lifeline. The International Monetary Fund and Egyptian authorities reached a staff-level agreement on the fifth and sixth reviews of the country’s Extended Fund Facility, unlocking approximately $2 billion in immediate financing. Add in $273 million from the Resilience and Sustainability Facility, and the total disbursement lands around $2.3 billion.
Inside the numbers
The EFF arrangement was originally approved on December 16, 2022, at a modest $3 billion. That figure didn’t last long. Economic pressures forced an expansion to $8 billion. With this latest disbursement, Egypt has now drawn approximately $5.2 billion from its combined EFF and RSF allocations. That leaves roughly $2.8 billion still undrawn, but accessing it will require continued compliance with the IMF’s reform conditions.
The 46-month EFF arrangement runs through December 15, 2026. The February 25, 2026 agreement completed both the fifth and sixth reviews simultaneously. The IMF noted that some waivers were applied during the review process, signaling that the reform path hasn’t been perfectly smooth.
What Egypt is supposed to be doing
