The International Monetary Fund revealed that Egypt has made progress toward macroeconomic stability, "but it still needs to simplify its tax and customs procedures and broaden its tax base."
An IMF team visited Egypt as part of its fifth review of the $8 billion financial support agreement signed in March 2024.
The head of the IMF mission to Egypt, Vladkova Hollar, confirmed that "Egypt has made tangible progress toward macroeconomic stability," noting that "growth is expected to continue improving, and we have raised our forecast for fiscal year 2024-25 to 3.8 percent, in light of the above-expected results in the first half of the year."
Source (Al Arabiya.net Website, Edited)
