IMF praises Egypt's economic resilience and reform progress
via Egypt Today1 min read
The International Monetary Fund has commended Egypt's economic resilience and the progress of its fiscal reform program, as reported by the Cabinet's Media Center. The IMF attributed Egypt's performance to the authorities' prompt and decisive policy responses, noting that the economic impact of the Middle East conflict has been relatively contained. Measures included adjustments to fuel and electricity prices, efforts to reduce energy consumption in government entities, and increased social spending to protect vulnerable groups. Egypt also demonstrated strong fiscal performance, exceeding primary surplus and tax revenue targets by the end of March 2026, supported by improved domestic revenue collection and controlled spending. The primary surplus is projected to rise from 4.8% of GDP in fiscal year 2025/2026 to 5% in fiscal year 2026/2027. Reforms to broaden the tax base and strengthen tax administration are expected to further increase the tax-to-GDP ratio by 1.2 percentage points this year.
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Judge Hoda Eissa officially assumed the presidency of the Administrative Prosecution Authority after taking the constitutional oath before President Abdel Fattah al-Sisi on Tuesday. Her appointment, effective July 1, 2026, was enacted under Presidential Decree No. 275 of 2026. Eissa succeeds Counselor Mohamed El-Shennawy, who completed his tenure and was awarded the Order of the Republic, First Class, by President El-Sisi for his judicial service. Born in Alexandria in 1957, Eissa graduated from Alexandria University in 1979 and joined the Administrative Prosecution Authority in 1981. Her career spans over 44 years, including leadership roles in Alexandria such as director of the Local Administration Prosecution and deputy director of the Health Prosecution. She was appointed director of the Alexandria Technical Bureau and a member of the Disciplinary Board on September 13, 2025, a position she held until her elevation to lead the national authority.
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