The International Monetary Fund (IMF) plans to visit Egypt in May 2019 in order to prepare its fourth and final review for disbursing the fifth $2 billion tranche of the $12 billion loan program, Subir Lall, IMF Mission Chief for Egypt, said according to Amwal Al Ghad.
Lall praised the economic reform measures taken by Egypt that boost the country’s investments and enable its private sector to continue growing.
The economic reforms helped Egypt lower its unemployment rates, empower the economy to perform well, boost the monetary reserves of the Central Bank of Egypt (CBE), and decrease the levels of public debt, Lall noted.