She said Georgieva In a post on her official account on the “X” platform: “On the fourth day, returning to Cairo… We look forward to holding fruitful discussions with President Abdel Fattah El-Sisi, Prime Minister Mostafa Madbouly, and the main concerned officials regarding maintaining economic stability in Egypt and promoting comprehensive growth that would… “It creates opportunities for all Egyptians.”
The Egyptian economy is suffering from a series of shocks related to the war in Gaza, such as attacks by Yemeni Houthi rebels on commercial ships that they consider to be linked to Israel in the Red Sea and the Gulf of Aden. This led to a decrease in Suez Canal revenues by 70 percent, which represents a lost profit for the Egyptian government worth between 6 and 7 billion dollars.
And during meetings IMF And the World Bank in Washington. Late last month, Georgieva said that she would visit Egypt in order to closely examine the economic situation and emphasize the need to adhere to the implementation of reforms.
Georgieva’s statements came in response to what Egyptian President Abdel Fattah El-Sisi said: Egypt It may have to review its agreement with the International Monetary Fund if it leads to “unbearable” pressure due to the challenges resulting from the current regional situation.
Egyptian media reported that Prime Minister Mostafa Madbouly, Director of the International Monetary Fund, Kristalina Georgieva, and Governor of the Central Bank of Egypt, Hassan Abdullah, will hold a press conference today, Sunday, at the Council of Ministers headquarters in the Administrative Capital, as part of the visit made by the Director of the International Monetary Fund to Egypt.
