The International Monetary Fund (IMF) has reached an agreement with Egypt on a loan program review, unlocking around $820 million for the North African country. The loan is contingent on Egypt carrying out deep structural reforms, including enhancing the private sector’s role in the economy, tackling inflation and debt, and shifting to a more flexible exchange rate. Despite ongoing challenges, Egypt has shown progress in improving foreign exchange availability, slowing inflation, and boosting private sector sentiment. However, economic risks remain due to the regional tensions and their impact on the Suez Canal’s revenue.