"President Abdel Fattah al-Sisi received today in Sharm el-Sheikh Mrs. Kristalina Georgieva, executive director of the International Monetary Fund, and her accompanying delegation, in the presence of the prime minister, the governor of the central bank, and the ministers of planning and Economic Development, International Cooperation and finance.

The official spokesman of the presidency of the Republic stated that the meeting dealt with reviewing aspects of the partnership between Egypt and the International Monetary Fund, especially in light of the cooperation program recently agreed between the two sides to complete the implementation of the Egyptian economic reform process.
The president welcomed Kristalina's visit to Egypt to participate in the cop27 world climate summit, expressing appreciation for her contributions within the framework of the fruitful partnership and constructive cooperation between the Egyptian government and the International Monetary Fund to implement the Comprehensive Economic Reform Program, given that this partnership represents a positive climate for investment and promising opportunities in Egypt and its reflection on supporting the Egyptian economy, stressing the keenness of the state to complete the process of economic and structural reform related to fiscal and monetary policies as well as maximizing the role of the private sector.
The official spokesman explained that Mrs. Kristalina stressed that the IMF will continue its distinguished cooperation and partnership relations with Egypt to support the process of economic reforms, especially in light of the stable performance of the Egyptian economy during the past period and its ability to withstand and absorb the negative repercussions and shocks caused by the corona pandemic and the current global economic crisis as a result of the Russian-Ukrainian war, which deeply affected the economies of emerging countries, praising in this context the success of Egypt's dealing with those repercussions and successive changes in global monetary policy and containing their effects, which maintained the safe course of the Egyptian economy.