Christine Lagarde, Managing Director of the International Monetary Fund, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse
Christine Lagarde, Managing Director of the International Monetary Fund, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse

Egypt’s economy shows strong signs of recovery: IMF's Lagarde

Mon, Sep. 24, 2018
CAIRO – 24 September 2018: Egypt's economy is showing strong signs of recovery, and its economic growth is among the highest in the Middle East, Managing Director of the International Monetary Fund (IMF),Christine Lagarde said.


Lagarde statements followed a meeting with President Abdel Fattah al-Sisi in New York on the sidelines of the 73rd session of the United Nations General Assembly (UNGA 73).

“President Sisi and I discussed the good progress under Egypt’s economicreform program supported by the IMF’s $12 billion Extended Fund Facility," she said.

“We agreed on the importance of capitalizingon Egypt’s macroeconomic gains to advance the authorities’ home-grown structural reforms. These reforms will help achieve more sustainable, inclusive and private-sector led growth whichwill help create jobs for Egypt’s young population, while also ensuring adequate resources are available for social protection," she added.

Lagarde concluded that she has reiterated the fund’s commitment to support Egypt and its people.
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