Egypt's crisis with the International Monetary Fund was resolved after the Fund’s Executive Council approved the first and second reviews related to the December 2022 loan. Conditions, some of which were implemented by the Egyptian government several weeks ago, related to having a flexible exchange rate and raising the interest rate.
The important condition relates to limiting public investment and leveling the playing field in a way that allows the private sector to become an engine of growth. The contribution of companies affiliated with the army has witnessed a significant expansion in the civilian economy after the 2013 coup.