The IMF delegation conducting a second review of the Sisi administration’s economic reform program arrived in Cairo on Wednesday. El Garhy had previously said the government has completed 80% its work on the reform program. The IMF on September 26 published the staff report for the first review of Egypt’s economic reform program, which aims at restoring the economic stability of Egypt and paving the way for higher long-term growth. The Egyptian authorities have embarked on an ambitious reform program and have taken decisive measures aimed at restoring macroeconomic stability and sustainable public finances. Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves.

Source: Daily News Egypt October 25, 2017 19:07 UTC