Egypt is in talks with the International Monitory Fund (IMF) about financial assistance alongside technical support as a proactive step against the economic fallout of the coronavirus outbreak, Egypt's prime minister said on Sunday. The move is aimed to preserve the gains of Egypt's economic reforms, Prime Minister Mostafa Madbouly told a televised press conference. The reforms were tied to a three-year IMF-backed bailout program signed in late 2016. The IMF is “very excited” about the one-year program which may be followed by other funds, central bank governor Tarek Amer told the conference.
