IMF Official Urges Egypt to Speed Up Reforms

An official from the International Monetary Fund announced that Egypt has made good progress in restoring macroeconomic stability despite external challenges. However, she emphasized the need to accelerate structural reforms aimed at reducing the state's role in the economy. She also indicated that the Fund will discuss with Egyptian authorities measures to strengthen governance and improve transparency, as part of a final review of the $8 billion loan program, expected to conclude in December, with Egypt reaffirming that it will not seek new financing afterward.

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