Egypt has Plan to Reduce Budget Deficit: IMF MissionSource: www.export-egypt.com 4/19/2015, Location: Africa |
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Egypt has a good plan to reduce the budget deficit that should be carried out in parallel with working on increasing the growth rate and creating more job opportunities, Christopher Jarvis, the International Monetary Fund (IMF) chief of mission in Egypt said.
In press statements, Jarvis added that adopting that policy to help reduce the budget deficit and improve the balance of payments will contribute to promoting growth and creating more jobs. He lauded the Central Bank of Egypt's policies aiming at having more flexibility of the exchange rate. These policies could benefit economic growth and the balance of payments, he pointed out. |
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