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New IMF Program Still Up in the Air as Egypt Primes Its Economy

  • Conditions ripe for private investors, planning minister says
  • New data expected to show rare decline in poverty rate

Egypt expects its domestic reforms to spur private investment whether or not it agrees on a non-financial International Monetary Fund program, a decision that will be made “soon,” Planning and Economic Development Minister Hala El-Saeed said.

“Now is the time for the private sector,” said El-Saeed in an interview in London late Monday, while at a U.K.-organized conference to boost investment in Africa. “The infrastructure and laws are there.”

Read more: Egypt Says IMF Keen on New Program to ‘Preserve’ Economic Gains