President Sisi: we may reconsider Egypt’s program with the IMF

Egyptian President Abdel Fattah al-Sisi warned Sunday that Egypt may have to re-evaluate its eight-billion-dollar program with the International Monetary Fund if international institutions do not take into account the extraordinary regional challenges facing the country.

Egypt signed an eight-billion-dollar financial support package with the International Monetary Fund in March, committing it to reduce subsidies for fuel, electricity and other primary goods, and allowing the liberalization of the pound exchange rate, measures that sparked popular outrage.

The package helped Egypt secure billions of dollars in additional funding from the World Bank and the European Union