Sisi: International Monetary Fund imposed no obligatory track on Egypt in reform programme

Egyptian President Abdel-Fattah El-Sisi has stressed that the International Monetary Fund (IMF) has not imposed the adoption of any obligatory tracks on Cairo when it applied for the global lender-backed economic reform programme in 2016, saying that they were very understanding.

In a meeting with development partners and NGOs on the sidelines of the World Youth Forum (WYF) in Sharm El-Sheikh, El-Sisi said that the country expressed its seriousness to the IMF’s officials to move forward on the track of reforms no matter how difficult it was.

The country, El-Sisi said, based its stance on the fact that the IMF “has its own expertise, and if the countries [adopting the IMF adjustment programme] are able to implement the technical recommendations for reform, then they will certainly succeed”.

The president praised the Egyptian people who helped the government to implement such reforms, saying “the commitment was not only restricted to the government, but the Egyptian people endured the harshness of reform, and not a single Egyptian came out complaining from the pain of the reform.”

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