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Will Egypt receive additional financial support from the IMF by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official IMF announcements or credible news sources such as Reuters, Bloomberg, or Al Jazeera
Story
Egypt Raises Fuel Prices by 15% Ahead of IMF Review, Unlocks $820 Million
Jul 29, 2024, 10:31 PM
Egypt has raised domestic fuel prices by up to 15% just days before the International Monetary Fund (IMF) conducts a review of the country's expanded $8 billion loan program. The price hike, effective immediately, is part of ongoing efforts to trim state subsidies under a new agreement with the IMF. Following the review on July 29, the IMF completed its third review of Egypt's extended fund facility, unlocking $820 million in financial support for the country. The IMF highlighted that Egypt's recent economic reforms are beginning to restore macroeconomic stability.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Approved with no conditions • 25%
Approved with additional conditions • 25%
Postponed • 25%
Rejected • 25%
Less than $30 billion • 25%
$30 billion to $40 billion • 25%
$40 billion to $50 billion • 25%
More than $50 billion • 25%
Yes • 50%
No • 50%
IMF resumes full engagement • 25%
IMF resumes limited engagement • 25%
IMF cancels engagement • 25%
IMF postpones decision • 25%