IMF Awaits More Egyptian Reforms Before First Review
- Privatization, currency steps seen as needed before review
- $3 billion program is key to turning around crisis-hit economy
This article is for subscribers only.
The International Monetary Fund is waiting to see Egypt enact more of the wide-ranging reforms it pledged before carrying out the first review of a $3 billion rescue program, according to people familiar with the matter.
The Washington-based lender wants to see privatization deals for state assets and genuine flexibility in Egypt’s currency to ensure the review is successful, said the people, who asked not to be identified as the matter is confidential.