IMF hands Egypt a must-do list of economic reforms
Fund blames rising global demand for high oil prices
Compiled by Daily Star staff
Wednesday, October 27, 2004
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The International Monetary Fund urged Egypt on Tuesday to begin implementing a series of measures it says will help economic recovery, spur growth and raise the standard of living. IMF managing director Rodrigo Rato told Egyptian President Hosni Mubarak that the main challenge for Cairo was to pay off part of its foreign debt, which hit $28.7 billion in 2003.
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