Middle East Economic Survey

VOL. LIII

No 17

26-April-2010

EGYPT

IMF Calls For More Broad-Based Reforms In Egypt

Wide-ranging structural reforms implemented by Egyptian authorities since 2004 were instrumental to the countrys ability to withstand the global financial crisis, the International Monetary Fund (IMF) has said in its 2010 Article IV Consultation with Egypt. The targeted fiscal stimulus and successive cuts in interest rates helped cushion the impact of the global slowdown, the report...