During the upcoming visit of IMF Managing Director Kristalina Georgieva to Cairo, expected to happen in early November, discussions will focus on the readiness of Egypt's social protection programs.
Al Mashat presented the country’s recent economic and structural reforms, emphasizing the government's efforts to strengthen macroeconomic stability, enhance the business environment, and build a competitive, investment-friendly economy.
“Based on the recent economic developments in Egypt, we will have the opportunity to negotiate this matter with the IMF mission to review the program," Madbouly stated.
The news comes within days of President Abdel Fattah El Sisi urging the government to reassess its agreement with IMF, stating, “If this challenge forces me to place unbearable pressure on the public, we must review the situation with the IMF.”
Egypt is steadily progressing toward maintaining tax stability by building a balanced, supportive tax system that strongly backs the business community and promotes economic growth, stated Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA)