An International Monetary Fund (IMF) delegation will start their review mission to Egypt on 28 April until 8 May, according to Egyptian Minister of Finance Amr El-Garhy’s call with Reuters on Wednesday. The government decided to adopt an economic reform programme, which was demanded and backed by the International Monetary Fund (IMF) in November. Egypt’s authorities have been implementing the policies agreed upon with the IMF, said IMF mission chief for Egypt Chris Jarvis. The programme includes a new investment law, income tax law reforms, and the adoption of bankruptcy law. Despite its essentialness, the economic reform programme came at a price—inflation rates reached a 30 year high of 33% in February.

Source: Daily News Egypt March 15, 2017 14:48 UTC