Egypt’s economy proves resilient despite regional turmoil, IMF says

RIYADH: Egypt has weathered the latest regional conflict, with stronger economic safeguards and a swift policy response helping the country withstand external pressures, the International Monetary Fund said. In a newly released statement, the IMF said reforms under its Egypt-supported program had strengthened economic growth, helped bring inflation down, rebuilt international reserves and improved banks’ foreign asset positions, leaving the...