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AfricaIMF Member Since 1945Active Borrower
Egypt
Egypt is a founding IMF member and Africa's second-largest economy. Egypt has had recurring engagement with IMF lending programs, reflecting persistent external financing challenges. Most recently, Egypt entered into multiple successive IMF Extended Fund Facility programs (2016, 2020, 2022, 2024) to address balance of payments pressures. SDR holdings are typically below allocation as Egypt draws on IMF resources. The Egyptian pound's significant depreciation has created ongoing currency challenges.