Madbouly says post-IMF economic program will be finalized after two months of public discussion
Published · Updated
What happened
Prime Minister Mostafa Madbouly said the government has prepared a post-IMF national economic transformation program and will spend two months discussing it publicly before finalizing it. In the same remarks, he tied the plan to EGP 2.3 trillion in debt service, weaker household purchasing power, and coordination with the Central Bank ahead of the IMF program's end in December 2026.
Why it matters
The announcement starts a formal policy-design phase for the period after Egypt's IMF program ends. It gives ministries, lenders, and domestic constituencies a new venue to contest choices on subsidies, exchange-rate management, asset sales, and debt servicing before the framework is finalized.
Prime Minister Mostafa Madbouly said on 22 October that Egypt's IMF program will end in December 2026 and that the government has prepared a national economic transformation program for the period after the IMF arrangement. He said the plan will undergo two months of public discussion before finalization and linked it to unresolved pressures including EGP 2.3 trillion in debt service, weaker household purchasing power, and the need for tighter coordination with the Central Bank. The announcement creates a defined succession mechanism for the policy anchor that has structured fiscal and exchange-rate choices under the IMF program.
Watch for
Egyptian Cabinet publication of a consultation timetable or concept note for the national economic transformation program by 2026-10-30 Prime Minister Mostafa Madbouly or the Cabinet Information and Decision Support Center naming participating ministries or committees in the discussion process by 2026-10-30 Central Bank of Egypt public statement or meeting readout on coordination with the government economic program by 2026-10-30 Ministry of Finance release detailing debt-service assumptions or subsidy-policy parameters linked to the post-IMF framework by 2026-10-30
Sources
- (untitled) · shorouknews.com