Sunday 28 November 2021

Egypt implementing strong reform: Lagarde

WASHINGTON, April 6, 2017

Egypt is implementing a strong economic reform programme to help the economy return to its full potential, achieve more growth and create more jobs, International Monetary Fund (IMF) managing director Christine Lagarde said.

In a statement following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington, she said: “President Sisi and I discussed the progress of Egypt’s economic reform programme supported by the IMF’s $12 billion extended fund facility arrangement.
“We recognise the sacrifices made and the difficulties faced by many Egyptian citizens, especially due to high inflation. The IMF is working to help the government and the Central Bank bring inflation under control and supports the steps the Egyptian authorities are taking to protect its poorest and most vulnerable citizens,” Lagarde said. - TradeArabia News Service


Tags: Egypt | reform | Lagarde |

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