IMF Staff Concludes Visit to Egypt

IMF News, July 8, 2022

Source details

Press Release No. 22/251
Date of release: July 8, 2022
Mission leader: Ms. Céline Allard
Mission location: Cairo, Egypt
Mission dates: June 26 to July 7
Purpose: To discuss IMF support for the Egyptian authorities’ comprehensive economic reform program and possible support under an IMF Extended Fund Facility (EFF).

"The IMF staff team and the Egyptian authorities had productive discussions on economic policies and reforms to be supported by an IMF Extended Fund Facility (EFF)."
"In the period ahead, we are continuing our close engagement with the authorities towards reaching staff level agreement. As is always the case, final agreement on a program arrangement would be subject to approval of the IMF's Executive Board."
"The IMF team would like to thank the Egyptian authorities and the technical teams at the Central Bank of Egypt and the Ministry of Finance, and other interlocutors for their hospitality and the constructive and candid discussions."
Note: "End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board."

IMF and Egyptian authorities will continue engagement to reach staff level agreement on program design.
Any final agreement on a program arrangement remains subject to approval of the IMF's Executive Board.

Source: IMF press release, "IMF Staff Concludes Visit to Egypt", Press Release No. 22/251, July 8, 2022.