IMF to attend Egypt's economic conference in February

GMT 02:59 2014 Monday ,06 October

Arab Today, arab today IMF to attend Egypt's economic conference in February

IMF Headquarters
Washington - MENA

 The International Monetary Fund (IMF) will take part in Egypt's economic summit in February, during which authorities hope to raise billions of dollars to revive the country's battered economy, the fund's managing director Christine Lagarde.
In an interview with ABC News, Lagarde said that Egypt has not asked for an IMF loan — which it hasn't secured during negotiations in the past three years of turmoil — but wants the IMF to resume its periodic economic assessments of the country's economy.
"The authorities' recent reform efforts are already encouraging," Lagarde said. "I hope that through our consultation process ... we can add to the dialogue on the Egyptian reform process and provide conference participants with an assessment of how those reforms can help restore durable economic stability and sustainable growth to Egypt."

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