President Sisi suggests regional troubles may force Egypt to re-evaluate IMF accord

According to reporting by Reuters, President Abdel Fattah al-Sisi has warned that Egypt may be forced to re-evaluate its $8 billion program with the IMF if international institutions do not consider the extraordinary regional challenges the country is facing. Egypt signed an $8 billion financial support package with the International Monetary Fund in March that requires it to reduce subsidies on fuel, electricity and other commodities and to allow its currency to float freely – measures that have triggered public fury.