IMF Mission to Egypt: Improvement in Targeting of Energy Subsidies

Cairo

A staff mission from the International Monetary Fund visited Cairo during April 2-15. At the conclusion, Andreas Bauer, Mission Chief for Egypt, issued the following statement:

“The mission made progress in the discussions with the Egyptian authorities on their economic program and possible financial support from the IMF.

“The authorities have already taken valuable first steps to improve the targeting of energy subsidies and are seeking to broaden their revenue base. They intend to build on these steps with further actions to address – in a socially balanced way – the country’s fiscal and balance of payments deficits, and create conditions for a sustained recovery of the economy.

“The mission was encouraged by the constructive positions and views expressed by the representatives of political parties on economic reforms and possible IMF support. All sides concurred on the need to protect the vulnerable sectors of society when implementing reform measures.

“Discussions with the authorities will continue with the objective of reaching agreement on a possible Stand-By Arrangement in support of Egypt.”

CFI

Recent Posts

The Great Rebalancing: Capital Allocation in an Age of Fragmentation and Convergence

After a long stretch in which US markets served as the default setting for global…

7 days ago

The Dissonance of Davos 2026: Capital Allocation in an Age of Fragmentation and the AI–Energy Nexus

The World Economic Forum’s 56th Annual Meeting opened beneath the banner of “A Spirit of…

1 week ago

Leadership at the Helm of Kenya’s Renewable Power Champion

KenGen’s executive team brings together deep technical expertise, financial discipline, legal rigour and strategic foresight…

2 weeks ago

KenGen Powering East Africa’s Clean Energy Future

Kenya Electricity Generating Company PLC (KenGen) stands as East Africa’s leading power producer, entrusted with…

2 weeks ago

The “Sell America” Trade Returns — With Greenland at the Centre

A familiar market pattern reasserted itself on 20 January 2026: the dollar slid, Treasury yields…

2 weeks ago

Heat Pumps That Pay: How Industrial Process Heat Is Becoming a Cost-Saving Asset

Table of contents Why industrial heat is now a balance-sheet issue 1) The commercial frontier:…

3 weeks ago