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IMF reviews Egypt’s economic reforms
February 06, 2017
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CAIRO: A delegation from the International Monetary Fund (IMF) started meetings in Cairo with ministers of the economic group of the cabinet to review the performance of the Egyptian economy almost 3 months after Egypt received the second installment of a three-year $12 billion loan.

The IMF delegation will work in Egypt for two weeks to assess the effects so far of the economic reforms implemented by the Egyptian government. The IMF mission will assess the effects the flotation of the Egyptian pound exchange rate and the reduction in the budget deficit that was achieved through cutting fuel subsidies. The delegation arrived in Egypt to prepare the review on Tuesday.

Agencies

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