IMF Director: Traffic in the Suez Canal decreased by 60%. Kristalina Georgieva: The deterioration of the situation was not due to Egypt’s fault, but rather resulted from an external shock.
Last January, the IMF reduced Egypt's growth expectations for the current year by 0.6 percentage points to 3%. She considered that Egypt's announcement - last Friday - of a $35 billion investment from the Emirates to develop one of the best areas of its coast on the Mediterranean Sea is a "very positive sign"