Jihad Azour, Director of the IMF's Middle East and Central Asia Department, noted, "The IMF has lowered growth forecasts in Gaza's neighboring countries due to the war waged by Israel since October 2023, including Egypt's economy, which has been relatively affected by this war, especially the tourism sectors and relatively foreign investment."
Azour explained, "The IMF mission is in Egypt to reassess the economic conditions and is currently working with the government to consult regarding measures that will reduce inflation levels, and will enable the economy to resist external shocks." Pointing to "The ability of the Egyptian government to pay all its obligations," pointing out that "negotiations are underway on the expected payments of the agreed loan, and in this context, the Fund is ready to increase its value if it sees a need for it."
Source (Al-Arabiya.net Website, Edited)
