Egyptian President Abdel Fattah El-Sisi’s Economic Reforms in Focus: Latest Updates on Currency Floating and International Agreements

2024-03-15 12:13:44

Dubai United Arab Emirates (CNN)– Egyptian President Abdel Fattah El-Sisi sent a message of reassurance to the Egyptians, on Friday, saying that they are trying to be on the right path to re-correct the course of the economy, after… Procedures and agreements Recently announced by the Egyptian government, the floating of the pound.

Al-Sisi said during a speech he delivered at the Egyptian Police Academy: “During the past four years or more, the circumstances of Corona, the circumstances of the Russian-Ukrainian crisis, and the war in Gaza had a major negative impact on the economy in Egypt.”

The Egyptian President added in a video clip published by the Egyptian Presidency: “With the measures that were taken during the past few weeks, we are trying to be on the right path to re-correct and improve our economic path, and we are talking that we have made a preliminary agreement with the International Monetary Fund, and it includes a form of support with… The World Bank and also with the European Union, in addition to other measures…, and these in themselves on our part are steps that we are improving, developing and reforming the economic situation decisively and definitively.”

Al-Sisi added: “I assure you that things, thank God, are going well and there is no problem, neither with goods nor anything, and even the supplies that were delayed at the ports are coming out now.”

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