Following a meeting with president Abdel Fattah al-Sisi in New York, International Monetary Fund (IMF) Managing Director Christine Lagarde stated that Egypt’s economy was ”showing strong signs of recovery.” The statement, which was published on the IMF’s official website, was issued on Sunday after the 73rd session of the United Nations General Assembly (UNGA 73). Lagarde statements followed a meeting with President Abdel Fattah al-Sisi in New York on the sidelines of the 73rd session of the United Nations General Assembly (UNGA 73). “President Sisi and I discussed the good progress under Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility,” said Lagarde. The Managing director reiterated the IMF’s support to Egypt. “We agreed on the importance of capitalizing on Egypt’s macroeconomic gains to advance the authorities’ home-grown structural reforms. These reforms will help achieve more sustainable, inclusive and private-sector led growth which will help create jobs for Egypt’s young population, while also ensuring adequate resources are available for social protection,” she also stated. A report released by Centre for International Development in Harvard University classified Egypt as one of the world’s fastest growing economy in the coming…
