Statement by IMF Managing Director Christine Lagarde on Egypt

Apr 07, 2017, 02:01
Statement by IMF Managing Director Christine Lagarde on Egypt

"The two leaders discussed a range of Middle East security issues and expressed their desire to cooperate on counter-terrorism and regional challenges". "We want to turn this around and we can't do that without the United States, because without it there wouldn't be any resolutions, and with Trump in office I believe he can achieve things others couldn't" Al-Sisi asserted. Its a very hard task to confront such groups, but Egypt has achieved great progress in confronting "Ansar Beit Al-Maqdis" in Sinai, he added. Trump said he was "very much behind" al-Sisi's government.

Trump, according to the source, told el-Sisi that Obama saw Egypt as being "part of the problem", while he views "it as part of the solution".

"President Obama struggled to get one person out - me". Mursi, a Muslim Brotherhood member, had been elected the previous year.

"President Sisi and I discussed the progress of Egypt's economic reform program supported by the IMF's $12 billion Extended Fund Facility arrangement", the Wednesday statement says, adding that Egypt is now implementing a "strong economic reform program". "President Trump is 'The Art of the Deal.' He is the great negotiator". Officials say they are committed to mitigating the impact of the reforms on the country's poorest, in part by ensuring sufficient supplies of subsidized goods and battling what they maintain is price gouging by traders.

The joint statement said Trump and Sisi agreed that Islamist militants could not be defeated exclusively by military force.

Both the leaders agreed that terrorism must be decisively and quickly defeated, it said.

Badr-Eddin eyes promising Cairo-Washington economic partnership but he hopes their approach will help bridge their political gap on the Palestinian-Israeli conflict, amid Israeli settlement expansion that is highly rejected by Egypt and carelessly disregarded by the United States."I believe there will be economic, investment and cultural cooperation between Cairo and Washington very soon and we will see further American investments in Egypt in the near future", the professor told Xinhua.

Hijazi has been held in custody for 33 months in violation of Egyptian law, which states that the maximum period for pre-trial detention is 24 months.

At the United Nations in NY, U.S. ambassador to the United Nations, Nikki Haley, said the Trump administration was not backing away from human rights "because they fully support me speaking about human rights in the Security Council".

Trump reunited with President Abdel-Fattah el-Sissi for talks ranging from collaboration against the Islamic State group to bolstering Egypt's flailing economy.

The president stated in his speech that Egypt has become secure and stable and has gained all of its democratic entitlement. It is fighting an Islamist insurgency in Sinai in which hundreds of Egyptian soldiers and police have been killed.

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