International Monetary Fund considered that the Egyptian economy has opportunities "promising" to rise again, after incurring great losses as a result of the repercussions of the revolution Jan. 25, which toppled former president, Hosni Mubarak, after leading the country for nearly 30 years.At the end of her visit to Egypt, confirmed the IMF mission that the economic potential of the medium-term in Egypt, "promising", but warned that "maintaining macroeconomic stability, social cohesion, amid prospects for growth modest in the short term, and the weakness of the external environment, what remains a difficult challenge. "
The mission welcomed, in a statement reported by Middle East News Agency, "the progress made by Egypt," in preparing a national strategy to address these challenges, and implement a comprehensive action plan for growth and job creation, and expressed the aspiration of the International Fund to continue to work with the Egyptian authorities .
And ended the IMF mission, headed by the Deputy Director of Central Asia and the Middle East, Ratna Sahi, a visit to Egypt took about a week, Thursday, at the request of Egypt, to take advantage of recent economic developments and assessment of funding needs.The interim government has said recently that the volume of investment needed by Egypt from abroad, up to $ 12 billion over the next two years, including a billion dollars for the current budget, ten billion to balance next year.According to government sources, foreign direct investment fell to the lowest level, and may have reached zero degrees, while the continuing depletion of foreign savings.
The tourism industry, which employs about one million of Egypt, which dropped to unprecedented levels as a result of the events, which are still receiving the repercussions on the Egyptian street.
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