How did Egypt manage to reduce inflation and raise the rate of economic growth?

Policy

MP Samia Kamal, a member of the Foreign Relations Committee of the House of Representatives, said that the International Monetary Fund agreed to grant a loan to Egypt at intervals to follow the economic course of Egypt, although it follows the economic and development program agreed upon. Which led to an increase in confidence in Egypt's economic policy. Consequently, the International Monetary Fund [IMF] decided to give Egypt the sixth and final installment of the loan, estimated at $ 2 billion of the total loan. Estimated at 12 billion.

The member of the Foreign Relations Committee of the House of Representatives, that Egypt is completing the path of economic growth, which started from the beginning of dealing with the International Monetary Fund and from here we feel that Egypt is on the right track, and has several successful projects that will raise the rate of economic growth, which will be reflected In the end to the Egyptian society.

She pointed out that the growth rate of Egypt's gross domestic product increased from 4.2% in the fiscal year 2016-2017 to 5.3% in the fiscal year 2017-2018. Egypt's foreign exchange reserves increased from 17 billion dollars in June 2016 to 44 billion dollars in March 2019.

[t tags] Parliament