CAIRO – 15 July 2021: Experts at the International Monetary Fund stressed that the diversity and strength of the Egyptian economy supported it in facing crises, including the Coronavirus pandemic. “Like most emerging markets, the COVID-19 pandemic has been an enormous shock for the Egyptian economy. As a consequence of the government’s timely and prudent policy response, coupled with IMF support, the economy has exhibited resilience, with growth expected at 2.8 percent for FY 2020/21. “Going forward, continuing to preserve economic stability and reduce public debt will be important. The IMF will continue to support Egypt’s reform efforts as specific policy measures to support these objectives are defined and implemented.
