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IMF praises governments recent measures for foreign exchange
Egypt, Economics, 8/21/2001
The International Monetary Fund (IMF) praised the Egyptian government's recent measures to address the foreign exchange market problems, affirming that these measures will boost the competitiveness of Egypt's economy, raise exports and increase the country's growth rate.
An IMF statement released last week highlighted that the measures will also provide extra flexibility to the Egyptian economy in a way that will keep pace with the current economic circumstances.
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