Jihad Azour
“The program is moving in the right direction and is gradually achieving its targets, both in terms of growth recovery and gradual decline in inflation, and a normal functioning of the foreign exchange market,” Azour said during a briefing in Dubai.
“Egypt is working to restore investor confidence in an economy that was damaged by the repercussions of the Russian invasion of Ukraine,” according to Azour’s televised statements.
Azour pointed out that AMF is cooperating at a large scale with central banks and governments in the region along with international financial institutions to bolster the financial inclusion.
Azour is now visiting here with a mission of the IMF to get acquainted with the economic and social reform programs in Egypt.
The International Monetary Fund hopes Lebanon will soon form a new government, following elections two months ago, and set about urgent structural and fiscal reforms to tame its deficit and boost growth.
Regional IMF Director Jihad Azour stated that the Egyptian economy has witnessed a “palpable improvement”.
Egypt has the chance to reduce unemployment levels by working harder on boosting its economic growth rate, IMF's regional director Jihad Azour told Egypt Today.
International Monetary Fund Director of the Middle East and Central Asia Department Jihad Azour affirmed to Youm7 that Egypt’s first phase of economic reforms was successful.
Head of the IMF Middle East and Central Asia Department Jihad Azour lauded the decision taken by the CBE to float the local currency in Nov. 2016.
With the IMF review taking place for the second loan tranche, experts weigh in on what we have done and what we still need to do.
