IMF Chief praises Egypt’s Economic Reforms during Sharm El-Sheikh Meet

From Sharm El-Sheikh resort, Christine Lagarde, the Managing Director of International Monetary Fund (IMF), praised Egypt’s economic reforms measures undertaken during the last year, namely subsidy cuts and sales tax hikes on cigarettes and alcohol.

Speaking to the delegates, she emphasised the importance of keeping reforms on track, inclusive growth to foster people’s trust in the government, as well as the need for a more competitive economy, according to Ahram Online.