Christine Lagarde, managing director of the International Monetary Fund (IMF) praised Egypt’s intense efforts in fighting administrative corruption, during a meeting with Egypt’s Finance Minister Mohamed Maait on Saturday, February 9. Praising the governmental reforms, Lagarde affirmed that the Egyptian economic reforms is behind the current noticeable growth. The IMF director highlighted that the Egyptian economy passed through a gloomy phase in which the middle class was negatively impacted. Thus, Lagarde stressed on the importance of focusing on the middle-class during the upcoming period. IMF also presented its vision concerning the Egyptian economy, focusing on a constant raise in the economic growth.
Source: Egypt Independent February 11, 2019 13:44 UTC