## Statement by the IMF Managing Director on Egypt

_IMF News, September 24, 2018_

## Source details

**Canonical URL:** [Statement by the IMF Managing Director on Egypt](https://www.imf.org/en/news/articles/2018/09/24/pr18355-statement-by-the-imf-managing-director-on-egypt)

## Other formats

- [Markdown version](/en/news/articles/2018/09/24/pr18355-statement-by-the-imf-managing-director-on-egypt/index.md)
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## Bibliographic details
- Published: September 24, 2018

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### Meeting and participants
- Press Release No. 18/355
- Date: September 23, 2018
- Following a meeting in New York between:
  - Ms. Christine Lagarde, Managing Director of the International Monetary Fund
  - President Abdel Fattah El Sisi

### Key findings and observations
- Egypt’s economic reform program is supported by the IMF’s US$12 billion Extended Fund Facility.
- Egypt’s economy is showing strong signs of recovery.
- Egypt’s economic growth is described as among the highest in the Middle East.

### Policy priorities and recommendations
- Capitalize on Egypt’s macroeconomic gains to advance the authorities’ home-grown structural reforms.
- Structural reforms aim to:
  - Achieve more sustainable, inclusive and private-sector led growth
  - Help create jobs for Egypt’s young population
  - Ensure adequate resources are available for social protection
- The Managing Director reiterated the Fund’s commitment to support Egypt and its people.

### Media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Randa Elnagar
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org

*Statement by the IMF Managing Director on Egypt, September 23, 2018.*

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## References

- [Christine Lagarde](https://www.imf.org/en/About/senior-officials/Bios/christine-lagarde)
- [Arab Republic of Egypt and the IMF](http://www.imf.org/external/country/EGY/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)

_Source: https://www.imf.org/en/news/articles/2018/09/24/pr18355-statement-by-the-imf-managing-director-on-egypt_