The IMF will remain in close contact with Egyptian authorities in the coming weeks as they try to establish political backing for an economic plan linked to a US$3.2 billion (Dh11.7bn) loan.
The Washington-based organisation also reminded policymakers that Egypt's receiving the assistance was dependent on broad political support for the plan.
"In discussions with a wide spectrum of political parties in the People's Assembly, there was a shared understanding on the need to address short-term challenges facing the economy and to promote reforms that can help achieve higher and more inclusive growth going forward," the IMF mission said in a statement after concluding a trip to Cairo this week.
No comments:
Post a Comment