Pre-Trading Thoughts

The IMF is having good discussions with the Egyptian government. Director of the International Monetary Fund, said that Egypt has taken the right steps in its economic reform agenda and said she was confident there would be progress in the IMF’s talks with the government. The cabinet will form a special unit to fast-track the government’s privatization program and work directly with the International Finance Corporation (IFC). The private-sector minimum wage is rising by 11% to ...