#IMF Loan egypt
While the International Monetary Fund (IMF) attempts to achieve financial stability to promote growth and alleviate poverty, outcomes may backfire causing financial burdens. Egypt launched an economic reform program last November as part of its deal with the IMF; however, financial burdens increased, poverty spread even more and the miscalculation of the fair value of the Egyptian pound has only made the situation worse. In the article 'Are the reforms paying back?' Omar El-Shenety questions the implications of the monetary policy…
