IMF Ready to Help Egypt If Requested – Official

The International Monetary Fund (IMF) is ready to help Egypt if requested to, representative of Egypt and the Arab countries in the IMF Abdel Shakour Shalan said.

Till now, Egypt did not ask for any help from the fund or announce plans for seeking to get a loan or a certificate of the safety of the Egyptian economy, Shalan told a number of reporters accompanying the Door-Knock mission of the American Chamber of Commerce in Egypt (AmCham Egypt) to Washington.

Egypt can manage without the IMF if it prepared an economic reform program and made the best use of the current Gulf support in convincing investors to return to the Egyptian market, he said.

Despite being hit hard over the past few years, the Egyptian economy is still capable of regaining its power, he added.

Source: MENA