IMF: Sisi's Economic Initiatives in Egypt Are Starting to Work

(Wall Street Journal) Asa Fitch - Recent economic measures enacted in Egypt under President al-Sisi are beginning to produce results after four years of economic stagnation, the International Monetary Fund said on Wednesday. The overhauls, including cuts to fuel subsidies and attempts to fix persistent government budget deficits, have boosted prospects for economic growth to 3.8% in the 2014-15 fiscal year.

2015-02-12 00:00:00

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