- The International Monetary Fund expected that Egypt's receipts from foreign exchange flows through its five main sources during the current fiscal year would amount to about $13.7 billion, or a percentage of 14.6%.
- Expectations of an increase in foreign exchange flows to Egypt from 5 sources.
- It is expected that foreign exchange flows from the five sources during the year 2023-2024 will reach about $107.3 billion, compared to about $93.6 billion in the year 2022-2023.
- The five sources of foreign exchange include proceeds from merchandise exports, tourism revenues, and Suez Canal revenues, in addition to private transfers, including from Egyptians working abroad, and net foreign direct investment.
- The IMF expects Suez Canal revenues to decline during the current fiscal year to $6.8 billion, compared to $8.8 billion last year, a decrease of about 22.7%.
- It is also expected that net foreign direct investment flows will jump during the current year to about $32.2 billion, compared to $9.7 billion in the last fiscal year, an increase of 232%, and will decline next year to $8.4 billion.
