Egypt: Al-Sisi implementing serious reform programme with IMF

in BreakingNews @en by

During his five-day visit to the US, Egyptian President Abdel Fattah Al-Sisi held a meeting in Washington on Monday evening with members of the American-Egyptian Chamber of Commerce, headed by its president and CEO, Thomas J. Donohue. Al-Sisi claimed that Egypt is become a safe and stable country. He also recalled the importance of the implementation of IMF (International Monetary Fund) reform to help Egyptian economy to grew up. He noted that Egypt’s programme depends on 4 main axes: monetary policies, which aim at reducing the budget’s deficit and the national debt; fiscal policies, which aim at establishing a flexible exchange rate that attracts investors and also reduces the inflation; social protection through improving the efficiency of a subsidy system and creating a safety net for the poor; and a structural reform, which would fight bureaucracy and corruption.

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