Dcode EFC’s View on the IMF First Review
Published: 11 October 2017
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On September 26th, the IMF released its staff report outlining the results of its first review, which took place in May 2017, in the context of its program agreement with the Egyptian government. The report is overall positive, clearly commending the Egyptian government for its firm commitment to the reform agenda. “The authorities’ program is off to a promising start’, IMF staff note. However, the report makes it clear that more challenging reforms are yet to be implemented, especially on the energy subsidy front.
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