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Deputy Fouad: IMF reforms unfulfilled

Deputy Fouad: IMF reforms unfulfilled

Dr. Mohamed Fouad called for no longer engaging with the International Monetary Fund (IMF), noting that the current program will end next October and lacks meaningful reforms. He emphasized that the relationship with the Fund has been tense and has limited the government's ability to make independent economic decisions. He clarified that dependence on the Fund has restricted economic policies and that most of the promised reforms have not been implemented. He deemed it necessary to adopt a clear national economic program instead of relying on IMF programs filled with restrictions.

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