Cabinet Spox: No Orders in IMF-Egypt AgreementSource: www.export-egypt.com 1/15/2023, Location: Africa |
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Cabinet Spokesman Nader Saad said the agreement between the International Monetary Fund (IMF) and the Egyptian government does not include any orders.
The two sides has been engaged for six months in negotiations to come up with a satisfactory deal for both of them, the spokesman added. Saad made the remarks late Saturday during a phone call with "Kelma Akhira" program on the satellite channel ON TV. The spokesman highlighted the importance of the government's continued communication with citizens to post them on all measures being taken. The middle-class citizens have been affected like in other parts of the world, he said, expounding that the government is fully aware of the situation. He noted that direct and indirect measures have been taken in this respect, referring to the minimum level of tax exemption. As for offering some assets in the bourse, he said this serves the State Ownership Policy Document and encourages private sector's investment in the Egyptian market, adding that this is a tool for bridging the financing gap. |
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