Officials from the International Monetary Fund (IMF) will visit Egypt from 1-12 December to conduct the fifth and sixth reviews of the country's economic programme, Prime Minister Moustafa Madbouly said on Monday. Speaking at his weekly press conference following a Cabinet meeting in the New Administrative Capital, Madbouly said current economic indicators reflect growing confidence in Egypt's investment climate. "Private investments have risen by 73 per cent this year compared with the previous fiscal year," he said, noting that Egypt's foreign currency reserves have also exceeded $50 billion for the first time in history. The IMF mission will review Egypt's economic performance and fiscal policies, part of the broader programme aimed at supporting economic stability and growth. Attribution: Amwal Al Ghad English
