IMF’s delegation to visit Cairo on Sunday.
A delegation from the International Monetary Fund is to visit Egypt on Sunday, according to a press statement issued on Saturday by the Ministry of Finance. IMF’s delegation will evaluate the progress of achieved by the Cairo in the application of the second tranche of IMF loan, $12bn, for Egypt. Minister of Finance Amr El-Garhy said that the delegation would evaluate the plans Egypt has made to achieve the targeted GDP growth and the efforts to reduce the gap of budget and trade deficits. Egypt control of public debt and inflation will also be at the centre of discussions. Mains Egypt objectives are reducing the governmental debt to 90% of the GDP and also reducing the deficit to 3.5% of the GDP by FY 2018/2019.