CNN: EGX Jumps 2% On IMF Visit

The International Monetary Fund (IMF)’s delegation to Egypt has bolstered confidence in the national economy contributing to the Egyptian Exchange’s 2% growth despite the feeling of the uncertainty during the 25^th January revolution and presidential elections, the CNN reported.

CNN’s Marketplace Middle East show mentioned on Saturday that the two-week IMF visit to Egypt aims to discuss the loan which is seen to provide a global vote of confidence in the Egyptian government’s economic planning. Yet, the show stressed the importance of carrying out a number of reforms in the country.