Kabil meets IMF for review of economic reform program

Trade and Industry Minister Tarek Kabil met on Thursday with the IMF delegationvisiting the country to conduct its second review of the economic reform program, Al Masry Al Youm reports. Discussions centered around the ministry’s industrial and trade development strategies, with Kabil pointing to declining imports, better economic growth, and lower unemployment. The delegation, whose review should unlock another tranche of Egypt’s USD 12 bn extended fund facility, is expected to wrap up its visit by the end of this week, Finance Minister Amr El Garhy had previously said. We’re expecting a statement to come out, recapping the results of the visit.