Egypt Daily News – Egypt is set to complete the full repayment of its outstanding debts to the International Monetary Fund, including both principal and interest, by the end of the 2046–2047 fiscal year, according to a recent IMF report.
The report highlights the Egyptian government’s commitment to adhering to the predetermined repayment schedule and outlines a steady decline in the country’s debt burden over the coming years.
According to projections, Egypt’s total repayments due in the 2025–2026 fiscal year are expected to drop to $3.7 billion, down from $6.6 billion in 2024–2025. This marks the beginning of a gradual downward trend in the overall debt level.
The IMF noted that by the end of the 2046–2047 fiscal year, Egypt’s outstanding obligations to the Fund will reach zero, with only $92 million in payments projected for that final year. This represents a significant reduction from current debt levels.
The report also identifies the 2024–2025 fiscal year as the peak of Egypt’s repayment obligations to the IMF, with debts to the Fund accounting for approximately 12.2% of total government revenue and around 1.9% of GDP during that period.
The IMF emphasized that Egypt’s economic reform program remains on track within its set timeline. This progress supports the sustainability of external financing and contributes to gradually reducing the debt burden, ultimately leading to a debt-free position with the IMF by 2047, provided Egypt does not apply for new loans.
