Kristalina Georgieva, the International Monetary Fund’s (IMF) Managing Director, hailed Egypt’s efforts to reform its economy during a recent meeting with Egyptian Prime Minister Mostafa Madbouly. Georgieva, who replaced Christine Lagarde as the new IMF Managing Director on 1 October, met with an Egyptian delegation led by the Egyptian Prime Minister in Washington on Tuesday. During the meeting, Georgieva and the Egyptian delegation, which also consisted of Egyptian Minister of Investment and International Cooperation Sahar Nasr, discussed the next steps for the IMF’s cooperation with Egypt. According to a statement released by the Ministry of Investment and International Cooperation, Georgieva and the delegation discussed new forms of cooperation and initiatives that will help Egypt continue its path of economic reform. This includes boosting the private sector’s participation in the development, infrastructure and production sectors. Following the meeting, Georgieva tweeted that there’s opportunity to further advance reforms. “I had a constructive meeting with Prime Minister Mostafa Madbouly. #Egypt’s reform program has made significant strides towards economic stability. This is a moment of opportunity to further advance reforms to achieve more inclusive private-sector led growth and job creation,” tweeted Georgieva. Egypt has…
