## Press Release: Statement at the Conclusion of the Visit by IMF Director Masood Ahmed to Egypt

_IMF News, January 7, 2013_

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**Canonical URL:** [Press Release: Statement at the Conclusion of the Visit by IMF Director Masood Ahmed to Egypt](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13222203)

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## Bibliographic details
- Published: January 7, 2013

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### Visit and meetings
- Press Release No. 13/06
- Date of visit and statement: January 7, 2013
- Mr. Masood Ahmed, Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF), visited Cairo on January 7, 2013.
- During his visit, Mr. Ahmed met with:
  - President Mohamed Morsi
  - Prime Minister Hisham Kandil
  - Central Bank of Egypt Governor Farouk El Okdah
  - Finance Minister Al-Mursi Hegazy
  - Minister of Planning and International Cooperation Ashraf Al-Araby
  - other officials

### Statement — key findings and commitments
- Productive discussions were held with President Morsi, Prime Minister Kandil, and Egypt’s economic team on the economic and financial challenges facing the Egyptian economy.
- The authorities expressed:
  - their firm commitment to articulate and implement a homegrown macroeconomic program that enjoys broad support and addresses these challenges.
  - their request for financial support from the IMF for such a program.
- The IMF remains committed to support Egypt in:
  - addressing its increasing economic challenges
  - moving to a more inclusive model of economic growth through a socially-balanced homegrown program
- Mr. Ahmed was encouraged by the authorities’ commitment to take steps necessary to achieve fiscal and external sustainability.

### Next steps
- Agreement reached that an IMF technical team would visit Cairo in the coming weeks to resume discussions on possible IMF financial support.

### Contact information (IMF External Relations Department)
- IM F unit: IMF EXTERNAL RELATIONS DEPARTMENT — Public Affairs — Media Relations
- E-mail: publicaffairs@imf.org
- E-mail: media@imf.org
- Fax: 202-623-6220
- Phone: 202-623-7100

*Source: IMF press release dated January 7, 2013.*

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## References

- [Arab Republic of Egypt and the IMF](http://www.imf.org/external/country/EGY/index.htm)
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- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13222203_