IMF reports progress in Egypt loan program review, focusing on economic stability and reforms.

The IMF reported substantial progress in its recent mission to Egypt, aiming to complete the fourth review of Egypt's $8 billion loan program. Both parties are working on final policies and reforms, with a focus on macroeconomic stability and social safety nets. Egypt has implemented key reforms like exchange rate unification and fiscal discipline, but faces challenges from regional tensions. The IMF encourages further reforms, including tax policy and state divestment, to support economic stability and reduce debt.

November 20, 2024
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