Pentagon confirms weighing more troops for Middle East    Qatari president of PSG under graft investigation in France    Egypt's Central Bank maintains interest rates on deposits and loans at 15.75%, 16.25%    72nd Cannes Film Festival: It's all about fresh talents    India's ruling party claims victory with wide lead in votes    2019 African Cup of Nations tickets now available for sale: Committee    Egypt's tourism ministry seeks to obtain UNDP's Gender Equality Seal    Houthi targets arms depot at Saudi airport in Najran    Huawei sales will not be affected by Google's suspension of business: MTI    Shoukry, Sadadi convene in Cairo over regional updates    SODIC to pay EGP 1.2bn of outstanding land dues in 2019    Swiss embassy in Cairo, WorldFish complete YEAG project    Fanzir plans to launch 3 projects, open HQ in Egypt: Aljishi    12 alleged militants killed in two separate raids in Al-Arish    Four women challenge male-dominated food market in Ramadan    Lack of proper waste management in Egypt causes accumulation of marine plastic litter    Aiisha Ramadan & SADAFA Collaborate for SS'19 Arab Fashion Week    Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos    Al-Karma to publish Tawfik's last short story collection in June    Repatriation: Why Western museums should return African artefacts    Omani author Jokha Alharthi wins prestigious Booker International Prize    Indonesian protesters disperse after second night of post-election unrest    Newsreel    Breaking the record    Connected for exams    Amending judicial regulations    Ahly held by Ismaily to lose two precious points in title race    Pre-emptive strikes    Mubarak speaks    Lebanese gov't to hold final budget session on Friday    Tahya Masr Bridge: Breaking the record    EGP 300 million allocated for poor households, education: Ministry of Religious Endowments    Vaccine doubts spread like disease, must be taken offline: vaccine chief    Omani Writer Jokha Alharthi wins the 2019 Man Booker International Prize    General Prosecutor orders release of five prominent detainees    Egypt name national team's initial squad for AFCON 2019    Messages to Tehran    Mascot revealed, tickets on sale    Only one path to glory    Don't miss Al-Leila Al-Kebira puppet theatre operetta at Al-Hanager Arts Centre    In search of historical women    Why Egypt dominates squash: juniors' training plans, says Khalifa    Twelve alleged militants killed in shootout with police    Malawians vote in tough presidential election    Angry at being dubbed a hustler, Maradona dismisses new film    At Cannes, Arab Cinema Centre announces winners of its 3rd Critics Awards    President Sisi receives citizens for Iftar at his private residence    The alternative economy in Ramadan    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

IMF prides itself on success of Egypt's economic reform programme: IMF Executive Director
Fund ready to help Egypt in the future, says Beblawi
Published in Daily News Egypt on 13 - 04 - 2019

Washington, DC- The International Monetary Fund (IMF) programme in Egypt is one of the successful stories that the fund is proud of, according to Hazem Beblawi, an executive director at IMF.
Beblawi told Daily News Egypt that Egypt has the right to feel that it has achieved a great accomplishment. It should also be recognised that making the decision was difficult because it took harsh measures.
The government had the courage to carry out these necessary measures for the benefit of Egypt's future, thanks to the people who bore such burdens, as they realised the necessary sacrifice to protect the country's future, he added.
The results of economic reform programme confirm that Egypt's future will be better, as achieving the first surplus in the state budget is an important and qualitative economic development in the march toward the economic reform. This surplus is expected to increase in the coming years to cover budget expenditure, Beblawi stressed.
Moreover, he stressed that the IMF is ready for future assistance to Egypt during the coming period, noting that President Abdel Fattah El-Sisi, during his visit to Washington last week, met with the IMF Managing Director Christine Lagarde and the fund's leadership, where he expressed his desire to continue cooperating with the IMF.

Clic here to read the story from its source.