The International Monetary Fund Delegation to Visit EgyptSource: www.export-egypt.com 4/30/2017, Location: Africa |
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 A delegation of the International Monetary Fund (IMF) will arrive in Cairo to follow up the progress in the country's economic reform program ahead of delivering the second tranche of an IMF loan, according to the Finance Ministry's statement issued
The visit is due to last until May 11 and includes meetings with officials from the Central Bank of Egypt (CBE) and the Finance Ministry to discuss plans for the second phase of the country's reform program, including the 2017-2018 budget and structural reforms adopted by the government. Minister of Finance Amr El-Garhy said that Egypt will brief the delegation on the latest developments on employment, inflation and growth rates along with the balance of payments and external accounts and on efforts on financial regulation and reducing the budget deficit and public debt, as well as reviewing Egypt's vision for future reform. Garhy asserted that IMF and international support to Egypt's reform program send significant message to local and foreign investors, backing government plans to focus on removing all obstacles to enable the development of national industry, the finance ministry statement read. |
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