CAIRO - 16 February 2021: The Ministry of Planning and Economic Development showcased in a statement Tuesday the views of the International Monetary Fund (IMF) and the Institute of International Finance (IIF) on the economic performance of Egypt so as both reports were welcomed by Minister Hala El-said. The IMF report also praised the policies of the Central Bank of Egypt (CBE) and the Egyptian government. "The IMF indicated in its report that Egypt has taken good steps that include expanding the provision of social support, providing credit to companies, and setting up plans to protect them against bankruptcy and job loss," El-Said stated. The IIF report indicated that Egypt is the only country in the Middle East and North Africa region that did not endure recession in 2020. The IMF report recommended the Egyptian government to maintain social support while setting priorities pointing out that economic reforms made Egypt stronger in the face of the Corona crisis.

Source: Egypt Today February 16, 2021 12:22 UTC