IMF Seal Of Approval For Egyptian Reforms
The Acting Director of the International Monetary Fund (IMF), Mr. Howard Handy, praisedEgypt's adherence to its economic reform package in an interview with Reuters, on 9July. Mr. Handy said that he expected growth rates in Egypt to remain at around 5% andinflation rates to be around 4% in the next few years and that insufficient investment andsavings rates were likely to prevent double digit growth. Egypt's strong...