President El Sisi met with Christine Lagarde In Washington

Washington  - Eco - Fady Labib : In Washington D.C, President Abdel Fattah El Sisi met on Tuesday with the Managing Director of the International Monetary Fund, Ms. Christine Lagarde ...

The meeting reviewed aspects of cooperation between Egypt and the IMF, in light of the progress made on implementing the economic reform program in Egypt.

President El Sisi expressed appreciation for the fruitful partnership and constructive cooperation between the Egyptian government and the IMF to implement the comprehensive economic reform program. He noted the keenness to continue cooperation with the Fund, considering the positive environment and investment opportunities provided by the partnership between Egypt and the IMF to the investors and international financial market.

The President confirmed the Egyptian people’s significant role in the success of the state’s efforts to carry out the reform process, by showing understanding and awareness of the inevitable need to carry out these reforms. This led to achieving progress that was confirmed by the positive economic indicators of the Egyptian economy and recognized by the official IMF data as well as improvement of Egypt’s credit rating by specialized international institutions.

Ms. Lagarde congratulated the President for the progress made by the Egyptian government thus far and confirmed that the Egyptian people’s awareness and political leadership’s successful management significantly improved various economic indicators, reflecting the successful application of the economic reform measures. She stressed the IMF’s keenness to continue the constructive cooperation with Egypt to successfully complete the final phases of the economic reform program. She also commended the President’s interest in the youth and the successful organization of youth conferences both at the national and international levels.