imf loan
Egypt has taken austerity measures and gradually removed the governmental subsidies on many factors including, electricity, fuel, and social supplies to meet the IMF conditions.
Egypt has raised fuel prices to meet IMF loan's terms that entail the complete removal of fuel subsidies.
Egypt’s exports increased 9.4 percent to $14 billion in the period between November 2016 and June 2017, after the devaluation.
Sisi on Saturday discussed with relevant ministers the security and economic developments, including subsidies, price control and the economic reform program.
Egypt's foreign reserves have recorded their highest level since 2011, climbing to $28.64 billion at the end of April.
