Panafrican News Agency

Coronavirus: Egyptian economy performing well despite pandemic pressure - IMF


Cairo, Egypt (PANA) – Egypt’s economy has performed better than expected despite the COVID-19 pandemic, thanks to a swift, balanced and comprehensive stimulus package, monetary policy response, targeted financial sector initiatives, and a timely financing request from the International Monetary Fund (IMF)’s Rapid Financing Facility and Stand-by Arrangement of nearly US$8 billion
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