Egypt supports economy to overcome coronavirus crisis: IMF

Egypt supports economy to overcome coronavirus crisis: IMF

Kristalina Georgieva - Brussels, Belgium 16 October 2012 EU DEVDAYS 2012 - Panel Disaster Risk Reduction in the Age of Climate Change - European Commission DG ECHO / Flickr







CAIRO – 14 February 2021: Egypt had taken good steps to support the economy during the coronavirus crisis, Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said.

 

Georgieva praised, in a statement in a TV interview on Saturday evening, Egypt's expansion in social protection programs and the provision of credit to companies.

 

She also praised the efforts of the Central Bank of Egypt (CBE) in supporting various sectors, as well as the role of the financial authorities in strengthening the systems of bankruptcy protection and protecting jobs.

 

IMF's Managing Director emphasized the importance of continuing structural reforms, stressing that it is the reforms that have made the Egyptian economy stronger in facing the crisis caused by "Corona", noting the importance of continuing to support the economy until the passage of the