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IMF Executive Director: Egypt's EconomyImproves
The Director of Implementation at the International Monetary Fund confirmed that the Egyptian economy now exhibits positive indicators following the implementation of the cooperation program with the Fund. This program succeeded in restoring stability and enhancing Egypt’s ability to face internal challenges and external shocks, especially after the rise in energy and food prices resulting from the COVID-19 pandemic and the war in Ukraine. The challenges were addressed through policies by the Central Bank and the Egyptian government, in collaboration with the IMF, which helped absorb the impacts of recent crises and improved the overall macroeconomic situation. International institutions have praised Egypt's success in managing economic shocks and successive challenges.
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