Saturday 08/November/2025 – 07:42 PM
Dr. Mohamed Maait, Executive Director of the International Monetary Fund, representative of the Arab and Maldives Group on the Fund’s Board of Executive Directors, stressed the need to continue working to raise economic growth rates and the sustainability and diversification of this growth among all sectors and its distribution among all regions of the country, while continuing to control and reduce inflation rates to be within the limits of the Central Bank of Egypt’s targets of 7% with a reduction and increase within the limits of 2%, in addition to going down to the lowest possible interest rate with low inflation while maintaining a high level of primary surplus (state revenues are greater than its expenditures other than debt service interest) and working to continue… Reduced overall budget deficit.
Moait added during a symposium in Cairo 24: The thing that the Minister of Finance fears most in general is servicing the debt, not the debt itself, and with regard to the social package and increasing wages and pensions, he said: Any official wishes to improve the conditions of the people, but the official finds himself in a difficult situation many times, and if the citizen were in the position of the official, he would know the extent of the difficulty, and if it were the matter, he could do everything the citizen needs.
Responsibilities of the International Monetary Fund
Dr. Mohamed Maait stressed that among the responsibilities of the International Monetary Fund is to help countries and work with them to raise the competencies of the member states of the Monetary Fund, those countries that are linked to programs or those that are going through economic challenges that require this, indicating that all member states have a share in the capital of the Fund itself.
