Egypt's Sisi says his economic reforms are no 'picnic'

2016-12-08 17:01
Abdel Fattah al-Sisi (File: AFP)

Abdel Fattah al-Sisi (File: AFP)

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Cairo - The Egyptian president is defending the tough economic measures his government has undertaken, saying there was no other alternative in the face of deteriorating economy.

Abdel-Fattah al-Sisi says that "structural reforms" are an imperative for Egypt and that the measures that have been implemented are no "picnic."

Sisi spoke on Thursday to a gathering of clerics ahead of a major Islamic holiday.

Sisi's remarks were his first since the government's unprecedented floatation of the Egyptian pound last month, meant to ensure that Egypt qualifies for a 12 billion dollar loan from the IMF.

Elected in 2014, Sisi depended on billions of dollars of assistance from Gulf Arab countries such as Saudi Arabia but relations with the Sunni kingdom have become strained recently over regional crises, including the conflict in Syria.

Read more on:    abdel fattah al-sisi  |  egypt  |  north africa

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