{
  "title": "Statement by IMF First Deputy Managing Director David Lipton on Meeting with Egypt’s President",
  "publication": "IMF News, May 7, 2018",
  "sourceUrl": "https://www.imf.org/en/news/articles/2018/05/08/pr18164-statement-by-imf-fdmd-david-lipton-on-meeting-with-egypt-president",
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  "summary": "Press Release No. 18/164",
  "publishDate": "2018-05-07",
  "sections": [
    {
      "heading": "Meeting overview",
      "content": "- Press Release No. 18/164\n- Date of statement: May 7, 2018\n- Speaker: Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF)\n- Location: Cairo\n- Contact: PRESS OFFICER: Randa Mohamed Elnagar; Phone: +1 202 623-7100; Email: MEDIA@IMF.org"
    },
    {
      "heading": "Macroeconomic findings reported",
      "content": "- Growth is at the highest rate since 2008.\n- Inflation has rapidly declined.\n- Foreign exchange reserves are at record levels.\n- Exports are growing.\n- Unemployment has declined."
    },
    {
      "heading": "Inclusive Growth and Job Creation Conference (May 5-6)",
      "content": "- Conference co-organized by the Egyptian authorities and the IMF.\n- Broad participation from policy makers, the private sector, members of the parliament, and civil society.\n- Consensus reached that Egypt needs to:\n  - Lock in the gains in macroeconomic stabilization.\n  - Shift gears towards the implementation of a home-grown structural reform agenda to achieve more inclusive and private sector-led growth.\n- Objective: Create jobs as the best way to reduce poverty and improve living standards.\n- Conference included participation from former senior policymakers from Korea, India and Malaysia who shared reform experiences."
    },
    {
      "heading": "Policy stance and partnership",
      "content": "- The IMF stands ready to help Egypt achieve a better future for its people.\n- Acknowledgements by Mr. Lipton to:\n  - President Abdel Fattah El Sisi\n  - Prime Minister Sherif Ismail\n  - Governor of the Central Bank of Egypt Tarek Amer\n  - Minister of Finance Amr El Garhy\n- Emphasis on continued partnership to support Egypt’s reform program.\n\nStatement by IMF First Deputy Managing Director David Lipton on Meeting with Egypt’s President, May 7, 2018.\n\n---\n\n\n References\n\n- Arab Republic of Egypt and the IMF\n- India and the IMF\n- Malaysia and the IMF\n- Republic of Korea and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2018/05/08/pr18164-statement-by-imf-fdmd-david-lipton-on-meeting-with-egypt-president"
    }
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    "Published: May 7, 2018",
    "Press Release No. 18/164",
    "Date of statement: May 7, 2018",
    "Speaker: Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF)",
    "Location: Cairo",
    "Contact: PRESS OFFICER: Randa Mohamed Elnagar; Phone: +1 202 623-7100; Email: MEDIA@IMF.org",
    "Growth is at the highest rate since 2008.",
    "Inflation has rapidly declined.",
    "Foreign exchange reserves are at record levels.",
    "Exports are growing.",
    "Unemployment has declined.",
    "Conference co-organized by the Egyptian authorities and the IMF.",
    "Broad participation from policy makers, the private sector, members of the parliament, and civil society.",
    "Consensus reached that Egypt needs to:",
    "Objective: Create jobs as the best way to reduce poverty and improve living standards.",
    "Conference included participation from former senior policymakers from Korea, India and Malaysia who shared reform experiences.",
    "The IMF stands ready to help Egypt achieve a better future for its people.",
    "Acknowledgements by Mr. Lipton to:",
    "Emphasis on continued partnership to support Egypt’s reform program.",
    "[Arab Republic of Egypt and the IMF](http://www.imf.org/external/country/EGY/index.htm)",
    "[India and the IMF](http://www.imf.org/external/country/IND/index.htm)",
    "[Malaysia and the IMF](http://www.imf.org/external/country/MYS/index.htm)",
    "[Republic of Korea and the IMF](http://www.imf.org/external/country/KOR/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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