Egypt discussing possible new IMF cooperation: central bank governor
As Egypt’s current IMF program quickly comes to an end, the government is discussing seeking additional support from the International Monetary Fund. Previously, the IMF aided the country when it was tackling fiscal and monitoring reforms. The new agreement would intend to address structural reform. Regardless of whether or not a new agreement comes to fruition, Egypt will continue to take advantage of post-program monitoring for the duration of the loan. The IMF has stated that Egypt needs to continue attracting investment, and integrate women and younger people into the labor market to lower unemployment and improve its economy.
See "Egypt discussing possible new IMF cooperation: central bank governor", Patrick Werr & Ulf Laessing, Reuters, October 3, 2019