IMF officials said reforms under Egypt’s IMF-supported program had strengthened growth, put inflation on a downward path, and rebuilt international reserves.
Badawi said Egypt has implemented legislative and institutional changes over the past two years to create a more competitive investment environment and turn its geological potential into bankable opportunities.
Among the banks implementing the changes are the National Bank of Egypt (NBE), Commercial International Bank (CIB), and Arab African International Bank (AAIB).
The finance minister also highlighted Egypt’s economic progress as a model for resilience and inclusive growth.
The International Finance Corporation's Managing Director Makhtar Diop praised Egypt’s success in mobilizing development finance in alignment with national priorities for inclusive and sustainable growth in a recent conference.
