Economist Hani Ginnena emphasized that the International Monetary Fund’s decision to merge Egypt’s fifth and sixth program reviews will not negatively impact the Egyptian economy. He noted that significant financial inflows have recently entered the country, supporting currency stability.
During a phone interview with media personality Sherif Amer on the show “Yahduth fi Masr” on MBC Egypt, Ginnena clarified that this consolidation represents a delay rather than cancellation, offering Egypt greater flexibility in negotiations to maximize national interests.
He highlighted valuable state-owned assets such as Banque du Caire, which is currently under negotiation with Emirati entities for an appropriate pricing mechanism. The loan disbursement delay allows Egypt to attract better offers, particularly with regional tensions calming and oil price impacts on Gulf markets expected through the first half of 2025, strengthening Egypt’s negotiation position.
Ginnena added that recent financial inflows have improved Egyptian economic indicators, with all projections pointing toward positive development trajectories. He stressed that effective government resource management and strategic utilization of state-owned assets will reinforce economic stability and support sustainable development goals.