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FinancialNews
11-11-18
Egypt likely to achieve sharp economic growth: IMF
(MENAFN) The International Monetary Fund (IMF) is expecting growth to be witnessed in Egypt over the next years thanks to a range of economic elements.
IMF chief economist Maurice Obstfeld suggested that Egypt is to likely see growth if it kept of executing its financial and monetary reforms.
Speaking at the American Chamber of Commerce held in Egypt, the economist stressed: that "Egypt's public debt rates are a major challenge."
Egypt, Obstfeld added, is capable of recording a boost in its growth levels if it upgraded its business environment and offered the needed laws to ease it, along with lending a hand to the private sector and small and medium-sized enterprises.
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