Minister: IMF mission to visit Egypt by end of 2014

Minister of International Cooperation, Dr. Naglaa Al-Ahwani said that Egypt has invited the International Monetary Fund (IMF) to visit Egypt before the end of this year, for consultation regarding the economic situation and the reform program, which was initiated by the government to tackle structural imbalances in the subsidy system and measures to reduce the budget deficit.

"A delegation from the IMF will visit Egypt later this year to review the Egyptian economic situation," Ahwany said.

In exclusive statements to MENA, Ahwany said on the sidelines of the IMF and the World Bank meetings in Washington that relations between Egypt and the IMF are strong.