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Mohamed Meit: IMF cooperation review in November
As a spokesperson for the International Monetary Fund, Dr. Mohamed Maait issued a statement confirming that the cooperation program with the Fund aims to restore economic stability and promote growth in Egypt, amid significant economic challenges since 2020, including the COVID-19 pandemic and the Russia-Ukraine war, which have led to rising inflation and energy prices. He clarified that the final review of the program will take place in the upcoming November, and that financial indicators are showing progress toward achieving the set objectives, with a focus on assessing the public debt based on its ratio to the gross domestic product. He also pointed out that the increase in energy prices, especially oil and gas, resulting from regional crises, is contributing to a resurgence in inflation, with this impact continuing to affect the Egyptian economy.
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