IMF to Visit Egypt for Final Loan Review in May

IMF to Visit Egypt for Final Loan Review in May

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.

Sarah Samir 2705 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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