Egypt is conducting a comprehensive study to assess the impact of structural economic reforms on the most populous country in the Middle East, and is working with the International Monetary Fund on how to protect the most vulnerable groups, the fund’s regional director, Jihad Azour, said, as reported by Iqtisad Al-Sharq.
Among the issues scheduled to be discussed during IMF Director General Kristalina Georgieva's expected visit to Cairo in early November is the readiness of Egypt's social protection programs.
The North African country indicated that it is seeking to review the goals and timetables associated with the $8 billion International Monetary Fund loan agreement in light of the regional turmoil.
The new data is likely to show the effects that two years of currency devaluation and price hikes have had on household spending, allowing the IMF and the government “to ensure that the social programs implemented by Egypt can become more effective,” said Azour, director of the Sharq Department. The Middle East and Central Asia in the Fund, during an interview in Washington, DC.
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