The Economic Pulse

Economic Pulse of Egypt, August 2024

The IMF's latest country report on Egypt, released in August, deemed the country's performance for the third review as "satisfactory," with Egypt meeting half of the structural benchmarks, including a flexible exchange rate and increased tax and budget transparency. However, the country fell short in areas like timely publishing of annual audits and implementing quarterly fuel increases, prompting the IMF to adjust some benchmarks and extend deadlines.