IMF praises Egypt’s Investors Service Center

CAIRO – 1 November 2017: The International Monetary Fund’s (IMF) mission, currently visiting Egypt, has praised workflow in the Investors Service Center and facilitations offered to investors, Minister of Investment Sahar Nasr said Wednesday.

Nasr made the statements as she met with the IMF mission, who came to review the latest economic and social reform measures and to hold meetings with some economic ministers in the cabinet.

The mission highlighted the significance of the decisions taken towards reforming the economy in Egypt, such as the New Investment Law and its executive regulations, Nasr said.

Previous official statements said that the IMF’s delegation visit will include a meeting with CBE Governor and Finance Minister on Sunday.

The delegation will also hold a series of meetings with officials from the CBE and Finance Ministry to discuss with them the latest developments of Egypt’s economy, most importantly the increase in growth rates during the fourth and last quarter of fiscal year 2016/2017 to around 4.8 percent.

They will further meet with ministers of social solidarity, investment, petroleum, planning and trade to discuss the details of the reform program and its second phase, which focuses on formulating efficient social security programs, increasing investment rates, supporting exports and encouraging various production sectors, including small-and medium-sized enterprises (SMEs).