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IMF visit to take place despite cabinet changes - Daily News Egypt

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IMF visit to take place despite cabinet changes

The delegation will visit Egypt mid-September


The visit of the International Monetary Fund delegation is set to take place in mid-September as scheduled, with no delays despite the government’s resignation, IMF’s communication officer Randa El-Nagar told Daily News Egypt.

On Saturday, the Egyptian cabinet submitted its resignation to Egyptian President Abdel Fattah Al-Sisi. Al-Sisi accepted the cabinet’s resignation, and Sherif Ismail, the former petroleum minister, was appointed as Prime Minister.

The resigned cabinet will maintain their positions in an interim government until a new cabinet is appointed.

Rumours have speculated on the possibility of delays in the IMF’s visit following the recent cabinet shifts.

“The IMF mission will be visiting Egypt soon and will conduct a mid-term review and maybe the hierarchy of the whole economy and not just the general budget,” Finance Minister Hany Kadry Dimian told the Daily News Egypt in a recent interview.

On revising the mid-term budget deficit, the minister added that he imagines “it will happen during the first quarter of the next year”.

 

 

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