Egypt requests fresh financial package from the IMF to counter coronavirus

Egypt requests fresh financial package from the IMF to counter coronavirus

The pre-emptive step follows the success of the economic reform program and comes about in order to maintain the continued gains achieved by Egypt's economy, in light of these exceptional worldwide circumstances.. According to the statement, the IMF has praised Egypt's leadership, ideas and clear economic policies.. Moody's expects Egypt's economy to grow by 4.4 percent by end of current fiscal year. Egypt invites world to virtual tour of the Tomb of Ramses VI.