IMF welcomes Egypt's selling of equity stakes in state-owned entities

CAIRO, July 17 (Xinhua) -- The International Monetary Fund (IMF) has welcomed the Egyptian government's decision of selling 1.9 billion U.S. dollars worth of equity stakes in state-owned entities, Egypt's State Information Service reported.

Egyptian government's move demonstrates progress in implementing the comprehensive policy package aimed at restoring macroeconomic stability to Egypt, IMF Spokesperson Julie