In its World Economic Outlook, the Fund brought down its 2019/2020 forecast for consumer price inflation to 10 percent from 12. 3 percent
The World Bank forecast on Thursday that Egypt?s economy would grow by 5. 8% this fiscal year.
Prime Minister Mostafa Madbouly said last week Egypt?s gross domestic product (GDP) grew 5. 6 percent in the 2018/19 fiscal year
A Reuters poll revealed that Egypt?s central bank is likely to maintain interest rates at their current level.
The economy, with the exception of the oil sector, has struggled to attract foreign investors since the 2011 uprising that unseated Hosni Mubarak.