After months of postponement, the fourth review of Egypt’s Extended Fund Facility (EFF) programme is just about in the rear-view mirror. A lack of reforms, especially regarding the thorny issue of subsidies, caused the delays. The press release from the IMF showed that the emphasis is shifting a bit and Egypt will have to prioritise privatisation if it successfully wants to navigate IMF programme reviews in 2025. The government aims to increase private sector investment in the economy to 65% of total investment by 2030, from the latest estimates of between 35% and 40%.
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