The International Monetary Fund (IMF) has praised Egypt’s economic reform program and described it as the world’s most successful one, Governor of the Central Bank of Egypt (CBE) Tarek Amer said on Monday.
An offer by the IMF for a new economic program has been rejected by Egypt, the governor said in statements on the sidelines of the second fintech conference “Seamless North Africa 2019”, which was inaugurated by Prime Minister Mostafa Madbouli earlier in the day.
Amer stressed that Egypt is in no need of further IMF reform programs, given economic achievements realized by the country.
The government weighs convenient future forms of cooperation with the IMF following the termination of the current program by mid-2019, the governor stated.
Meanwhile, Vice President of the National Bank of Egypt (NBE) Yehia Abul Fotouh said that dollar inflows to the bank stood at 53 billion dollars since the liberation of the dollar exchange rate in November 2016 till last May.