According to a recent document released by Egypt’s Ministry of Finance, officials aim to achieve significant reductions in inflation rates, targeting 7% (±2%) by the end of 2024 and further reducing it to 5% (±2%) by the end of 2026. This effort includes a commitment to a flexible exchange rate policy to bolster the economy’s resilience and narrow the gap between official and parallel exchange rates. The IMF projects the Egyptian pound to average EGP 36.83 per USD from 2024 to 2028, with an expectation to contain the current account deficit at 2.6% of GDP annually.