CAIRO – Assistant Director of Fiscal Affairs Department of International Monetary Fund (IMF) Catherine Pattillo asserted current challenges in Egypt are seen in all economies of emerging markets.
Pattillo said, according to MENA, in recorded address at a session held by the cabinet’s Information and Decision Support Center as part of activities of the intellectual forum of the center Friday.
She reiterated need to maintain flexibility of exchange rate in Egypt and ensure precautionary monetary and financial policies and the continuation of structural and governance reforms.
The IMF official said weak expectations of economic growth globally and strict financial policies and price hikes on foodstuffs are all increasing needs of financing, especially following the crisis in Ukraine, which, she added, requires laying down a set of general policy measures.
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