International Courant
Alex Segura-Ubiergo, the IMF’s native consultant in Egypt, praised the intense reforms the Egyptian authorities had launched to enhance monetary stability and the funding local weather.
At a symposium organized by the American Chamber of Commerce in Egypt (AmCham Egypt) on Tuesday, April 4, 2024, Ubiergo burdened the necessity to keep the driving power of the Egyptian economic system to advertise structural reforms, enhance the funding local weather, cut back inflation and improve financial progress.
He indicated that Egypt is implementing necessary measures to make sure macroeconomic stability, whereas advancing its efforts to guard probably the most disadvantaged classes and strengthen the non-public sector’s contribution to the event course of.
For his half, Tarek Tawfik, chairman of the American Chamber of Commerce in Egypt, stated that the not too long ago launched reforms adopted by the Egyptian authorities are aimed toward regaining investor confidence, lowering inflation, implementing structural reforms and eliminating the parallel international alternate market. .
IMF official praises severe reforms to enhance monetary stability in Egypt
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