Egyptian President Abdel Fattah El-Sisi affirmed Egypt's keenness to "consult continuously with the International Monetary Fund, based on Egypt's interest in advancing cooperation between it and the Fund."
During a call that the IMF Managing Director received from Kristalina Georgieva, Sisi stressed, "This communication comes in light of Egypt's strategic approach to achieving sustainable development in all its economic and social axes."
On the other hand, the Egyptian Cabinet approved a proposal to amend one of the articles of the executive regulations of the Investment Law, allowing the new foreign investor to obtain residency during the establishment period, enabling him to deal with banks and open a bank account.
Source (Al-Arabiya.net Website, Edited)
