IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC ...Egypt

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IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
source : EGYPT INDEPENDENT ( Egypt ) () 26
The treasurer of the Federation of Egyptian Chambers of Commerce (FEDCOC), Mohamed al-Fayoumi, said on Monday that the recent statements of the International Monetary Fund about the ability of the Egyptian economy to recover and the IPO program implemented by the government, confirm that Egypt is able to continue on the path of development despite the unprecedented economic challenges it faces as a result of global crises. The government’s IPO program represents a decisive element in the cooperation between Egypt and the IMF, he added, and is an important step towards supporting and providing resources for external financing and debt reduction. The Fund’s continued work with the government c

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