Egyptian President Abdel Fattah al-Sisi held two meetings on Saturday, one to discuss an agreement with the International Monetary fund (IMF) on reviewing the state’s economic reform program, and another regarding the new clean energy-powered car industry in Egypt. In his first meeting with Prime Minister Mostafa Madbouly, alongside Minister of Finance Mohammed Maait, and Deputy Minister of Finance for Financial Policies Ahmed Kojak, Sisi hailed an evaluation made by IMF experts stating that Egypt’s economy has exceeded all expectations even amid the pandemic. The IMF’s data revealed that Egypt’s economy achieved the second highest global economic growth at a rate of 3.6 percent. Back in July, Sisi announced that Egypt will not issue licenses to any new cars unless they run on natural gas. The decision, which Sisi announced during the opening of a number of national projects, is intended to preserve the environment, the natural resources of the state, and the lives of citizens.

Source: Egypt Independent November 22, 2020 11:03 UTC