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IMF aims for Egypt's last program review to be cleared by mid December

Reuters

Oct 29 (Reuters) - The ‌International Monetary Fund said on Thursday its ​current ‌mission to Egypt aims to ‌reach a staff-level agreement and bring it to its ‌executive board for approval before mid-December.

The mission is in place for the final review of the ⁠current programs, which end ‌on December 15.

"Discussions ⁠are going to focus on maintaining ​a tight monetary policy, maintaining the fiscal consolidation ​plan, and of course ​all ‌of this is aimed at preserving ​the macroeconomic stability ⁠that Egypt has fought ‌hard to ​achieve," said ​Julie Kozack, the fund's director of communications, in a scheduled briefing.

She said structural reforms remain ‌a central part of the conversation.

"The goal of these ‌reforms ​is to support stronger, more private sector-led growth in Egypt," Kozack said.

(Reporting by Rodrigo ‌Campos in and Andrea Shalal)