Statement by IMF Managing Director Christine Lagarde on Egypt
IMF News, April 5, 2017
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Bibliographic details
- Published: April 5, 2017
Meeting and context
- Press Release No. 17/119
- Date: April 5, 2017
- Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement.
- MEDIA RELATIONS, PRESS OFFICER: Randa Elnaggar; Phone: +1 202 623-7100; Email: MEDIA@IMF.org
IMF-supported program
- The IMF is supporting Egypt through a $12 billion Extended Fund Facility arrangement.
- Quoted text: “President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility arrangement.”
Goals of the reform program
- Quoted text: “Egypt is implementing a strong economic reform program to help the economy return to its full potential, achieve more growth and create more jobs.”
- Recognizes “the sacrifices made and the difficulties faced by many Egyptian citizens, especially due to high inflation.”
IMF actions and commitments
- Quoted text: “The IMF is working to help the government and the Central Bank bring inflation under control and supports the steps the Egyptian authorities are taking to protect its poorest and most vulnerable citizens.”
Statement by IMF Managing Director Christine Lagarde on Egypt, April 5, 2017.