24 January 2014

Egypt: PM, IMF Chief Discuss Cooperation

Prime Minister Hazem el-Beblawy held a meeting on Thursday 23/01/2014 with International Monetary Fund chief Christine Lagarde to discuss the latest economic developments in Egypt and mutual cooperation.

Beblawy briefed Lagarde on investment policies adopted by the Egyptian government to create a favorable legislative environment for attracting more investments along with the financial procedures that are meant to address the budget deficit.

PM Beblawy hailed as significant the role played by the IMF to support Egypt's economic situation.

An agreement was reached to enhance cooperation between Egypt and the Fund during the coming period to take advantage of the unique expertise of the Fund in the field of technical cooperation, Beblawy said during the meeting.

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