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Tuesday, 12 May 2026 / 04:49 PM
Today, President Abdel Fattah El‑Sisi met with Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, on the sidelines of the Africa–France Summit held in the Kenyan capital, Nairobi.
Spokesman for the Presidency Ambassador Mohamed El-Shennawy stated that President El‑Sisi expressed Egypt’s deep appreciation for the fruitful cooperation with the IMF in implementing the economic reform program.
This program includes broad structural reform goals aimed at achieving comprehensive and sustainable development.
President El‑Sisi also welcomed the successful completion of the fifth and sixth reviews and their approval by the IMF Executive Board last February.
The President emphasized Egypt’s commitment to continuing economic reforms despite the current international and regional challenges and crises.
Ms. Georgieva praised Egypt’s strong political will and serious commitment to continuing economic reform efforts.
These efforts aim to strengthen macroeconomic stability, achieve fiscal discipline, and improve the business environment.
She also stressed the IMF’s keenness to maintain close cooperation with the Egyptian government in support of these efforts.
The President and the IMF’s Managing Director further discussed the negative economic repercussions resulting from the Iranian crisis and the state of uncertainty overshadowing the Middle East region.
They also reviewed the reflections on the economies of Egypt and developing countries, particularly with regard to energy security and food security in countries that rely on imports of petroleum products and strategic commodities.
President El-Sisi reiterated the importance of international financial institutions and development partners playing an active role in providing the necessary support to boost the resilience and economic stability of developing and least-developed countries in confronting current challenges. The President also highlighted the proactive measures implemented by Egypt to preserve economic stability and fiscal discipline, most notably maintaining exchange rate flexibility as a key pillar of monetary policy and a mechanism for absorbing shocks.
For her part, the IMF Managing Director underscored the measures being implemented by the Fund to help member states address current challenges.
Tuesday, 12 May 2026 / 04:49 PM
Today, President Abdel Fattah El‑Sisi met with Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, on the sidelines of the Africa–France Summit held in the Kenyan capital, Nairobi.
Spokesman for the Presidency Ambassador Mohamed El-Shennawy stated that President El‑Sisi expressed Egypt’s deep appreciation for the fruitful cooperation with the IMF in implementing the economic reform program.
This program includes broad structural reform goals aimed at achieving comprehensive and sustainable development.
President El‑Sisi also welcomed the successful completion of the fifth and sixth reviews and their approval by the IMF Executive Board last February.
The President emphasized Egypt’s commitment to continuing economic reforms despite the current international and regional challenges and crises.
Ms. Georgieva praised Egypt’s strong political will and serious commitment to continuing economic reform efforts.
These efforts aim to strengthen macroeconomic stability, achieve fiscal discipline, and improve the business environment.
She also stressed the IMF’s keenness to maintain close cooperation with the Egyptian government in support of these efforts.
The President and the IMF’s Managing Director further discussed the negative economic repercussions resulting from the Iranian crisis and the state of uncertainty overshadowing the Middle East region.
They also reviewed the reflections on the economies of Egypt and developing countries, particularly with regard to energy security and food security in countries that rely on imports of petroleum products and strategic commodities.
President El-Sisi reiterated the importance of international financial institutions and development partners playing an active role in providing the necessary support to boost the resilience and economic stability of developing and least-developed countries in confronting current challenges. The President also highlighted the proactive measures implemented by Egypt to preserve economic stability and fiscal discipline, most notably maintaining exchange rate flexibility as a key pillar of monetary policy and a mechanism for absorbing shocks.
For her part, the IMF Managing Director underscored the measures being implemented by the Fund to help member states address current challenges.
All rights reserved to the presidency Copyright © 2020
All rights reserved to the presidency Copyright © 2020