Egypt: IMF Raises Egypt’s Growth Forecast to 3.8 Percent

The International Monetary Fund (IMF) has raised Egypt’s economic growth forecast for fiscal year 2024/25 to 3.8 per cent, reflecting stronger-than-expected performance in the first half of the year and a surge in private sector activity.

The revised outlook follows the conclusion of an IMF staff mission to Cairo, held from May 6 to 18, as part of the Fifth Review under the Extended Fund Facility (EFF).

Private Sector Investments

According to mission chief Ivanna Vladkova Hollar, “Egypt has made…