IMF stresses need to maintain flexibility of exchange rate in Egypt
Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the flexibility of the exchange rate in Egypt.
Baer stressed, during a recorded speech that she delivered at the outset of the intellectual forum of the Information and Decision Support Center (IDSC) of the cabinet in Egypt.
The need to maintain the flexibility of the exchange rate in Egypt, while ensuring prudential fiscal and monetary policies and the continuation of structural and governance reforms.
She added that the weak expectations of global economic growth, tightening fiscal policies and rising commodity prices led to an increase in financing needs.