Sisi Orders Review of Egypt’s IMF Program to Address Economic Challenges ...Egypt

Photo source: Daily News Egyptian President Abdel Fattah Al-Sisi has ordered a thorough review of the country’s program with the International Monetary Fund (IMF) to address recent global economic shifts and challenges. In statements made during the Global Conference on Population, Health, and Human Development on 20 October, Al-Sisi highlighted that the global economic slowdown, exacerbated by the war in Ukraine and COVID-19, has severely impacted Egypt’s fiscal performance. He acknowledged the IMF program’s initial positive outcomes, but emphasized the need for re-evaluation in light of “new pressures”. “We have embarked on a bold journey of economic reform, and we continue to pay the pric

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