President Husni Mubarak held talks on Sunday, May 13, with International Monetary Fund Managing Director Horst Koehler, Egypt's official Middle East News Agency said.
Prime Minister Atif Ubaid and the IMF's executive director for the Middle East, Abdul-Shakur Shaalan, attended the session in the Red Sea resort of Sharm Al-Shaikh. There was no immediate word on the outcome of the meeting.
Egypt has been pursuing an IMF-approved economic reform programme since the early 1990s. The policies stabilised a once vulnerable economy and began chipping away at state control to move towards a free-market model. But some analysts argue that the reform drive has lost momentum in recent years. — (Reuters, Cairo)
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