Sisi Holds Talks with IMF Chief in Paris

On Tuesday, Egyptian President Abdel Fattah El Sisi held a meeting with the Managing Director of the IMF Kristalina Georgieva, on the sidelines of his current visit to Paris to participate at the Summit on Financing African Economies, according to presidential spokesman Bassam Radi.

During the talks, President Sisi praised the constructive partnership between Egypt and the International Monetary Fund, which led to the successful implementation of the country’s comprehensive economic reform program.

Sisi also voiced keenness to continue cooperation with the international financial institution, given what this partnership represents in terms of providing a positive image of the Egyptian economy to investors and international financial markets.

The meeting also took up the fruitful cooperation between Egypt and the IMF over the past years.

In his talks with the IMF chief, president Sisi lauded the great role played by the Egyptian people in the success of the reform efforts thanks to their awareness of the importance of all measures taken to shore up the national economy and improve Egypt's credit rating, noting that the reforms have helped the Egyptian economy to withstand the impact of the coronavirus pandemic and even achieve positive growth despite all challenges.

On her part, the IMF managing director affirmed that the Fund looks forward to continuing its outstanding cooperation with Egypt, which she described as a success story and a model to be followed, praising the Egyptian economic performance despite the pandemic, as well as the economic and structural targets it has achieved within the framework of the economic reform program.

She also lauded the resilience and ability of the Egyptian economy to overcome the negative effects of the pandemic and become one of the fastest-growing economies in the world, noting the present improvement in its overall indicators as well as the implementation of giant national investment projects and the gradual rebound seen by the tourism sector.

She expressed keenness to highlight the successes made by Egypt and spotlight its reforms and economic and development achievements, as well as its successful partnership with the Fund as a model to be followed by other countries.