She explained that the IMF is having a very good discussion with the authorities of Egypt. She stressed that the IMF is very open to continuing discussions with the Egyptian authorities. She indicated that the Egyptian authorities are taking appropriate steps, citing the recent agreement with the International Finance Corporation (IFC) to use their expertise to accelerate the privatisation of state-owned enterprises. There is full understanding with the Egyptian authorities that it is a must to make it so that the private sector flourishes and creates more jobs, according to the IMF Chief. But they can do even better.”Third, Egyptian authorities need to think of ways in which they can make their reserve position stronger.

Source: Daily News Egypt June 21, 2023 14:13 UTC