Counselor at the International Monetary Fund's (IMF) Middle Eastern and Central Asian Department Christopher J. Jarvis stressed that the Egyptian government has a good plan to cut down budget deficit and inflation rate that now hits 10 percent.
Jarvis said that the IMF's latest visit to Egypt was constructive as it was the first time that they have a chance to hold lengthy talks with the government and Central Bank officials.
We held talks with the ministers of investment, social solidarity, international cooperation, industry and petroleum on the structural reforms the country adopted to increase growth rate and create more jobs, he underlined.
He said the IMF report on Egypt will give a good message to the world on the status of the national economy.
He added that the report will be reviewed with the fund board chairman during their meeting in January and this will encourage investors during the economic conference to be hosted by Egypt in March 2015.
Egypt still faces some economic and security challenges and more has to be done to carry out the government's economic plan, he said.
