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Egypt likely to design program with IMF in two months

Egypt likely to design program with IMF in two months

ArabFinance: The Egyptian government is seeking to develop a program with the International Monetary Fund (IMF) in two months, Prime Minister Mostafa Madbouly stated, according to an official statement on May 24th.

The program, currently under negotiation, will aim to maintain economic reform programs and ascertain that Egypt is taking disciplined steps, Madbouly noted.

In March, IMF’s Mission Chief – Egypt Celine Allard revealed that Egypt requested an assistance package from the fund to support Egypt’s endeavors to implement a comprehensive economic program.

IMF’s Managing Director Kristalina Georgieva announced that it is keen on building a program with Egypt that caters to the vulnerable and is keen on the continuous provision of social protection.

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