Zawia3 · Chart 5 of 8

IMF Loan Size: 2016 vs. 2022

In six years the loan shrank 75% as the pound lost half its value

"The loan that was $12 billion in 2016 became $3 billion in 2022 with heavier conditions, while the pound fell from EGP 15.7 to nearly EGP 30 per dollar"

2016 IMF loan

0

USD billion

2022 IMF loan

0

USD billion

Reduction

-75%

in loan size

USD/EGP rate in 2016

EGP 15.7

USD/EGP rate 2022/23

~EGP 30

Source: IMF / parallel market rates