IMF to attend Egypt's investors conference
(MENAFN- Arab News) CAIRO: The head of the International Monetary Fund says the world body will attend an investment conference in Egypt scheduled for February.
The gathering is meant to attract foreign funding.
IMF Managing Director Christine Lagarde made the announcement in an interview with Asharq Al-Awsat.
Lagarde says Egypt has not asked for an IMF loan but wants the IMF to resume its periodic economic assessments of the country's economy.
IMF last conducted such a review for Egypt in 2010.
The government hopes a positive IMF assessment would boost investors' confidence in Egypt's economy.
Authorities hope the conference will raise $100 billion.
The gathering is meant to attract foreign funding.
IMF Managing Director Christine Lagarde made the announcement in an interview with Asharq Al-Awsat.
Lagarde says Egypt has not asked for an IMF loan but wants the IMF to resume its periodic economic assessments of the country's economy.
IMF last conducted such a review for Egypt in 2010.
The government hopes a positive IMF assessment would boost investors' confidence in Egypt's economy.
Authorities hope the conference will raise $100 billion.
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