Prime Minister Mostafa Madbouly stated during a cabinet press conference on Thursday, June 4, 2026, that the government sees no need for the time being for another funding programme after the completion of the current International Monetary Fund (IMF) programme with Egypt in mid-December 2026.
The IMF staff is currently in Cairo to conduct the seventh review of Egypt’s Extended Fund Facility (EFF) programme and the second review under the Resilience and Sustainability Facility (RSF). Upon completion on 15 June, the reviews can potentially unlock around $1.6 billion in new financing for Egypt.
Madbouly confirmed that discussions between the IMF, the Central Bank of Egypt, and the Finance Ministry are going well. The Fund is reviewing the pace of reforms implemented by Egypt amid regional tensions. It will assess the impact of the ongoing war in the Middle East on the Egyptian economy and suggest policies needed to advance Egypt’s reform programme.
In other related news, the state will offer new tax, customs, and real estate incentives starting the next fiscal year, FY 2026/2027, which starts on 1 July 2026. The government aims to encourage local and foreign investment to bolster Egypt’s economy in the upcoming period, the PM said.
Tax revenues have increased by 28.7 percent year-on-year in the first nine months of FY 2025/2026, reaching EGP 1.85 trillion and constituting 8.7 percent of the country's GDP. During the first ten months of the same fiscal year, tax revenues rose 29.3 percent year-on-year to EGP 2.21 trillion, equivalent to 10.4 percent of GDP.
The FY 2026/2027 budget targets a 27.6 percent increase in general revenues, or EGP 4 trillion, and a 5.4 percent GDP growth. It also targets the expansion of private sector participation.