{
  "title": "Statement by the IMF Managing Director on Egypt",
  "publication": "IMF News, April 9, 2019",
  "sourceUrl": "https://www.imf.org/en/news/articles/2019/04/09/pr19108-egypt-statement-by-the-imf-managing-director",
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  "summary": "Date of statement: April 9, 2019.",
  "publishDate": "2019-04-09",
  "sections": [
    {
      "heading": "Meeting and program status",
      "content": "- Date of statement: April 9, 2019.\n- Following a meeting in Washington between Christine Lagarde, Managing Director of the International Monetary Fund, and President Abdel Fattah El Sisi.\n- Program supported: IMF’s US$12 billion Extended Fund Facility.\n- Status: \"The program has progressed well and the final review is planned for the coming months.\""
    },
    {
      "heading": "Key economic findings reported",
      "content": "- Growth: \"The economy continues to grow robustly.\"\n- Unemployment: \"Unemployment is at its lowest level since 2011.\"\n- Reserves: \"Foreign exchange reserves are at comfortable levels.\"\n- Public debt: \"Public debt is on a downward trajectory supported by growth-friendly consolidation efforts.\""
    },
    {
      "heading": "Structural reforms and social protection",
      "content": "- Policy emphasis: \"We agreed on the importance of continuing with the authorities’ structural reform agenda, which aims to support inclusive growth and address constraints to private sector development.\"\n- Expected outcomes: \"These reforms will help achieve more sustainable, inclusive, and private-sector led growth, which will create jobs for Egypt’s young population.\"\n- Social protection: \"It is also important to ensure that adequate resources are available for social protection.\""
    },
    {
      "heading": "IMF commitment",
      "content": "- Reaffirmation: \"I reiterated the Fund’s commitment to support Egypt and its people.\"\n\nPress Release No. 19/108 — April 9, 2019.\n\n---\n\n\n References\n\n- Christine Lagarde\n- Arab Republic of Egypt 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/2019/04/09/pr19108-egypt-statement-by-the-imf-managing-director"
    }
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    "Published: April 9, 2019",
    "Date of statement: April 9, 2019.",
    "Following a meeting in Washington between Christine Lagarde, Managing Director of the International Monetary Fund, and President Abdel Fattah El Sisi.",
    "Program supported: IMF’s US$12 billion Extended Fund Facility.",
    "Status: \"The program has progressed well and the final review is planned for the coming months.\"",
    "Growth: \"The economy continues to grow robustly.\"",
    "Unemployment: \"Unemployment is at its lowest level since 2011.\"",
    "Reserves: \"Foreign exchange reserves are at comfortable levels.\"",
    "Public debt: \"Public debt is on a downward trajectory supported by growth-friendly consolidation efforts.\"",
    "Policy emphasis: \"We agreed on the importance of continuing with the authorities’ structural reform agenda, which aims to support inclusive growth and address constraints to private sector development.\"",
    "Expected outcomes: \"These reforms will help achieve more sustainable, inclusive, and private-sector led growth, which will create jobs for Egypt’s young population.\"",
    "Social protection: \"It is also important to ensure that adequate resources are available for social protection.\"",
    "Reaffirmation: \"I reiterated the Fund’s commitment to support Egypt and its people.\"",
    "[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)"
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