Middle East & Central Asia News
LAST UPDATE: July 4, 2025
IMF to complete 5th, 6th reviews of Egypt loan programme in September
The IMF will finalize the combined 5th and 6th reviews of Egypt’s $8 billion Extended Fund Facility in September, which will unlock around $2.4 billion in disbursements .
Insight
By combining two reviews, the IMF appears to be granting Egypt more time to implement crucial policy reforms, especially regarding the state’s role in the economy—emphasizing fiscal stability before releasing funds.
Morocco to resume sukuk issuance, says central bank governor
Reuters
Morocco’s central bank governor Johan… (likely Abdellatif Jouahri) announced plans to resume issuing sovereign Islamic bonds (sukuk), having established a legal framework for the first issuance in recent weeks .
Insight
Reintroducing sukuk issuance reflects Morocco’s efforts to diversify its sovereign funding sources and appeal to Islamic finance markets, broadening investor base and reducing dependency on conventional debt.
