The International Monetary Fund has agreed on a 12-month, $3 billion financing package to support economic reforms in Egypt, the Washington-based Fund announced Sunday. "Following a period of political transition, the Egyptian authorities have put in place a home-grown economic programme with the overarching objective of promoting social justice," said Ratna Sahay, deputy director of the IMF's Middle East and Central Asia Department. The measures are aimed at supporting economic recovery, encouraging job creation and helping the poor. The package is meant to encourage growth led by the private sector, according to a report of the German Press Agency "DPA"
