IMF’s Managing Director gives Egypt pieces of advice to overcome coronavirus crisis

IMF’s Managing Director gives Egypt pieces of advice to overcome coronavirus crisis

International Monetary Fund (IMF) - REUTERS







CAIRO – 14 February 2021: “Getting out of the Coronavirus crisis and supporting those affected by it is the most important priority for the Egyptian government during the current stage,” Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said.

 

Georgieva  added in a TV interview on Saturday evening that the Egyptian government has expanded to provide social support to those affected by the current crisis, while making sure to provide credit to companies.

 

Georgieva praised the performance of the Central Bank of Egypt (CBE) in providing liquidity to companies, saying: "Providing credit to companies is a very good policy from the central bank."

 

She noted the harmony of the financial authorities in Egypt with the monetary authorities, which worked to ensure that the sectors most affected by the pandemic were protected from bankruptcy and job loss, stressing the need for this