IMF calls on Egypt to devaluate Egyptian pound against US dollar again ...Egypt

EGYPT INDEPENDENT - Economy

The head of the International Monetary Fund (IMF) mission in Egypt, Ivanna Vladkova Hollar, said that there are no reforms more urgent than others, and that one cannot focus on one reform without another. During a press conference on Tuesday, Hollar said that the exchange rate system of the pound must be liberalized and not based on restrictions, while inflation must be targeted. She said that one of the important reforms is to increase tax revenues, control debt, and improve the public financial situation to be able to spend on priority sectors. Structural reforms are very important, she said, and the priority now is not to backtrack on structural reforms and to give the private sector a gr

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Last updated : 01 August 2024 clock 01:56 AM

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IMF calls on Egypt to devaluate Egyptian pound against US dollar again ...Egypt

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