Egyptian President Abdel Fattah al-Sisi on Sunday (September 23rd) met with International Monetary Fund (IMF) chief Christine Lagarde to discuss the progress Egypt has made in implementing economic reforms, Egypt’s Ahram Online reported.
"President al-Sisi and I discussed the good progress Egypt’s economic reform programme that was supported by the IMF’s $12 billion Extended Fund Facility has made," said Lagarde after meeting with al-Sisi on the sidelines of the 73rd Session of the UN General Assembly in New York.
The IMF chief added that "Egypt’s economy is showing strong signs of recovery, and its economic growth is among the highest in the Middle East", according to an IMF statement.
Al-Sisi expressed his appreciation for the constructive co-operation between Egypt's government and the IMF within the framework of implementing the economic reform programme, stressing Cairo's desire to continue co-operation, a statement by the Egyptian presidency read.
"These reforms will help achieve more sustainable, inclusive and private-sector led growth, which will help create jobs for Egypt’s young population while also ensuring adequate resources are available for social protection," Lagarde said.
Al-Sisi stressed Egypt's desire to create an attractive business climate and draw more foreign investments, with the aim of raising growth rates, reducing unemployment and public debt, and reviewing the administrative and legislative reforms taken to stimulate investment.
