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  • 28-01-19

    Egypt to be presented for IMF USD12b loan program

    (MENAFN) Egypt was announced to be planned to be suggested as the winner of a USD12 billion loan program from the International Monetary Fund (IMF).

    It comes as a panel of IMF experts finalized their 4th assessment of the Egyptian economic outlook within a reform initiative.

    IMF Managing Director Christine Lagarde stated that "it is important to build on the progress achieved thus far and to press ahead with structural reforms that facilitate private sector-led growth and job creation, as well as measures to increase transparency and accountability that help improve governance."

    Lagarde added: "this will help attain higher and more inclusive growth and will ensure better living standards for all Egyptians."

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