President Mohamed Morsi received on Tuesday 8/1/2013 the director of the International Monetary Fund (IMF) Middle East and Asia Department Massoud Ahmed. The meeting was attended by Prime Minister Hisham Qandil, governor of Central Bank of Egypt (CBE) and ministers of the economic group.
Presidential spokesman Yasser Ali said President Morsi stressed that the Egyptian government was working in full swing to confront the current economic challenges and that the Egyptian economy was capable of recovering and confronting the backlogs which were inherited from long decades of corruption.
He said Egypt is capable of combating administrative and financial corruption and applying policies targeting the limited income brackets, with the aim of achieving justice for all sons of the Egyptian people.
Ali said that an IMF technical team will visit Cairo in the coming weeks to resume discussions on possible IMF financial support.
For his part, the IMF official stressed the fund’s support for Egypt to face mounting economic challenges besetting it.