Egypt's Prime Minister Moustafa Madbouly met with the IMF's Deputy Managing Director Nigel Clarke on the sidelines of the IMF's visit to Egypt to conduct consultations for the fifth review of the economic reform programme implemented by the government and the central bank, a Cabinet statement said. Madbouly stressed the political leadership's gratitude for this partnership and expressed optimism for the successful conclusion of the fifth review of the reform programme, the statement added. He highlighted positive economic indicators in Egypt, including progress in inflation, unemployment, public investment levels, and private sector involvement. However, he noted that much remains to be accomplished in the period ahead. Madbouly referred to the ongoing discussions between the IMF team and Egyptian officials regarding the fifth review and reiterated his aspiration for a successful outcome, according to the release. He reviewed progress on the government's divestment programme, affirming Egypt's commitment to continue the initiative to achieve better results for the benefit of the national economy. He highlighted the increased private sector participation in various economic sectors. In this context, Madbouly stated that over the past three to four years, the government has completed 21 transactions under the government divestment programme, amounting to $6 billion. He also highlighted the ongoing cooperation between Egypt and the International Finance Corporation (IFC), which serves as the government's strategic advisor for the divestment programme. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
