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IMF: Egypt economy needs more reforms
IMF reports confirmed that the Egyptian economy was able to withstand recent geopolitical tensions thanks to the economic reforms implemented by the government, such as currency floatation, inflation reduction, and improvements in the banks’ foreign assets. However, the IMF emphasized the need to strengthen ongoing reforms, particularly to reduce public debt and broaden the investor base, in order to increase the economy’s resilience to global crises and decrease refinancing risks, thereby ensuring long-term sustainable economic growth.
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