In a global economy facing multiple shocks, she affirmed that Egypt has created a safer environment, emphasizing the importance of such stability for long-term prosperity.
Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, expects Egypt to reduce inflation rates to 17% over the coming period, during a press conference with Prime Minister Mostafa Madbouly, Governor of the Central Bank of Egypt, and key government officials to discuss Egypt’s economic outlook and its ongoing partnership with the IMF.
She underscored the IMF's appreciation for Egypt's efforts over the past phase, acknowledging the government's commitment to implementing robust measures aimed at bolstering economic stability.
In a global economy facing multiple shocks, she affirmed that Egypt has created a safer environment, emphasizing the importance of such stability for long-term prosperity.
Georgieva praised Egypt’s progress in economic reform, highlighting her positive meeting with President Abdel Fattah El-Sisi.
Georgieva emphasized the IMF's focus on fostering a prosperous private sector in Egypt, especially to accommodate the influx of over a million young people joining the workforce each year.
She highlighted that the IMF's partnership with Egypt prioritizes private sector growth as a driver for sustainable employment and economic inclusivity.
Prime Minister Madbouly expressed optimism about the future of Egypt's collaboration with the IMF, anticipating an even more successful partnership moving forward.
He announced that the IMF would initiate the fourth review of Egypt’s economic reform program in just two days.
