Harsh measures .. an economist clarifies the requests of the International Monetary Fund

02:08 p

Sunday August 21 2022

Hani Genena, an economist, said that the conditions of the International Monetary Fund have become strict.

Hani Geneina explained, during his interview with the “Al-Hekaya” program broadcast on “MBC Egypt”, that the fund asked Egypt for tough hardships, the first of which is support, as the fund does not prefer in-kind support, because it wastes state resources.

He continued: The most important items of support are bread, whose price has not moved since the eighties, and diesel, as we consume 10 billion liters annually, a huge number that may reach 50 billion pounds annually.

Hani Geneina explained that the second file is the second file, which is the state’s gradual exit from the economy.