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Bond Market News
Egypt Secures Agreement with the IMF for $1.6bn in Financing
June 30, 2026
Egypt secured a staff-level agreement with the IMF to unlock more than $1.6bn in financing. The IMF’s executive board will have to provide the final approval, under which $1.5bn will be placed under the EFF and $136mn will be placed via the Resilience and Sustainability Facility. Overall disbursements under the programme would amount to nearly $7.2bn. This comes after Egypt had expanded its IMF program to $8bn in 2024 and cleared the review by demonstrating concrete progress on key structural reforms. This included boosting private sector competition via significant asset sales, offloading stakes in military-affiliated fueling stations and divesting operation rights for a Red Sea wind farm. Additional measures include VAT amendments to improve national revenue, the listing of four state-owned companies for future IPOs, and maintaining a flexible exchange rate.
Egypt’s 7.3% 2033s were trading stable at 99.8 cents on the dollar, yielding 7.3%.
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