Egypt’s president backs bigger private role in line with IMF demands
CAIRO: Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over the private sector, a cabinet statement said.
The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package for Egypt.
The policy aims to give the private sector a greater role in helping to grow the economy, create jobs and increase investment and exports, the statement said.
![The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package for Egypt. (Reuters) The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package for Egypt. (Reuters)](https://www.arabnews.com/sites/default/files/2022/12/29/3606861-974406675.jpeg)