Statement by the IMF Managing Director on Egypt

IMF News, September 24, 2018

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Statement by the IMF Managing Director on Egypt

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Bibliographic details

• Published: September 24, 2018

Meeting and participants

• Press Release No. 18/355
• Date: September 23, 2018
• Following a meeting in New York between:
  • Ms. Christine Lagarde, Managing Director of the International Monetary Fund
  • President Abdel Fattah El Sisi

Key findings and observations

• Egypt’s economic reform program is supported by the IMF’s US$12 billion Extended Fund Facility.
• Egypt’s economy is showing strong signs of recovery.
• Egypt’s economic growth is described as among the highest in the Middle East.

Policy priorities and recommendations

• Capitalize on Egypt’s macroeconomic gains to advance the authorities’ home-grown structural reforms.
• Structural reforms aim to:
  • Achieve more sustainable, inclusive and private-sector led growth
  • Help create jobs for Egypt’s young population
  • Ensure adequate resources are available for social protection
• The Managing Director reiterated the Fund’s commitment to support Egypt and its people.

Media contact

• IMF Communications Department, MEDIA RELATIONS
• PRESS OFFICER: Randa Elnagar
• Phone: +1 202 623-7100
• Email: MEDIA@IMF.org

Statement by the IMF Managing Director on Egypt, September 23, 2018.

References

• Christine Lagarde
• Arab Republic of Egypt and the IMF
• Press Releases
• PRESS CENTER
• https://www.imf.org/en/home