CAIRO, April 27 — Egypt is seeking an aid package from the International Monetary Fund (IMF) to offset the economic impact of the coronavirus pandemic, Prime Minister Mostafa Madbouli said yesterday. In a televised press conference with the central bank governor and other ministers, Madbouli did...
IMF Managing Director Kristalina Georgieva said Egypt’s request would be presented to the Fund’s executive board 'within the next few weeks'. — Reuters pic
But she struck a clearly supportive tone, saying Cairo had “responded quickly and decisively” to limit the spread of the virus and support affected people and businesses. Planning Minister Hala Saeed said that even though the “unprecedented crisis” prompted by the virus had affected global markets, Egypt was still on track to achieve 4.5 per cent growth this year.
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