IMF Mission says Egypt has ‘Good’ Plan to reduce Budget Deficit

Egypt has a good plan to reduce the budget deficit that should be carried out in parallel with working on boosting the growth rate and creating more job opportunities, the International Monetary Fund (IMF) chief of mission in Egypt Christopher Jarvis said.

In press statements, Jarvis added that adopting that policy to help reduce the budget deficit and improve the balance of payments will contribute to promoting growth and creating more jobs.

He lauded the Central Bank of Egypt’s policies aiming at having more flexibility of the exchange rate.

These policies could benefit economic growth and the balance of payments, he pointed out.

Source: MENA