Arab Today, arab today imf ready to support egypt economy
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

IMF ready to support Egypt economy

Arab Today, arab today

Arab Today, arab today IMF ready to support Egypt economy

International Monetary Fund
Washington - MENA

The International Monetary Fund (IMF) is ready to support Egypt's economy in any possible way for its benefit, an IMF official said Wednesday.
During a press conference over the phone in Washington, Christopher Jarvis, who led the IMF's Mission for Egypt in December, and advisor at the IMF Middle East and Central Asia Department, said Egypt had not requested any financial package from the fund so far.
A technical cooperation program is underway between the Fund and the Egyptian authorities to evaluate effects of the global economy on Egypt, he said.
Jarvis stressed that the IMF will partake in Egypt's March economic conference to exchange views with Egyptian officials.
Speaking about the IMF's report on the Article IV consultations over Egypt, Jarvis said the report sought to provide an objective assessment of the Egyptian economic developments and policies.
"For a number of years, Egypt has suffered from insufficiently inclusive growth and high unemployment," he said, adding that things started to turn around in the last few months after the Egyptian authorities embarked on an economic reform program to raise growth, create jobs, and contain fiscal and external deficits and the loss of foreign exchange reserves.
"On the expenditure side of the budget, the [Egyptian] government started to reform the system of energy subsides," Jarvis said.
He underlined that the Fund closely follows up steps taken by Egypt to improve the investment climate, atop of which is the issuance of the new investment law.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf ready to support egypt economy Arab Today, arab today imf ready to support egypt economy

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf ready to support egypt economy Arab Today, arab today imf ready to support egypt economy

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday