Egypt’s Next IMF Deal May Be Focused on Slashing Red Tape

Egypt is in talks with the International Monetary Fund over a non-financial structural reform program, the central bank governor said, as the Middle East’s fastest-growing economy targets a surge in foreign investment.

“Now that the fiscal and the monetary reform has been done, we’re talking about structural reforms,” Tarek Amer said Tuesday at an energy conference in Cairo. That step would mean “trying to overcome the bureaucracy, which we do have and many other countries have, and which we want really to abolish over time.”