Economic Reform Program
Egypt’s President Abdel Fattah El-Sisi attended on Saturday breakfast with Egyptian families on the sidelines of the inauguration of a number of housing projects in Badr city located in northeastern Cairo.
Sisi clarified that the reason for the steadfastness of the Egyptian state during the last period was represented by harsh and difficult measures which have been applied since November 2016.
Ma’it said that the ministry is studying developing three new types of bonds for investors in the next 2 years to diversify the state’s sources to control the deficit bill.
Ma’it added that the unemployment rate fell from 13.3 to 7.5 percent and the inflation rate from 36 to 3.4 percent.
Egypt achieved its best economic growth in 11 years, despite the global economic slowdown and international and regional instability, President Abdel Fattah El Sisi said Friday.
Sisi stressed Egypt will continue in its comprehensive reform path, aiming to achieve sustainable development, and improve Egyptians’ living standards.
Amer noted that the coordination between the government and the Central Bank was the main reason for the success of the economic reform program.
Approving this last review will allow Egypt to receive its last $2 billion disbursement of $12 billion loan extended over three years
I think Egypt has achieved a lot, if you look at some of the micro-economic and growth data, I think a lot has been achieved, but I still see areas where more can be done.
Saad said the prime minister is set to meet with CEOs of big international companies interested in investing in Egypt soon. He cited Apple, Volvo and Bata.
The meeting also took up foreign investment in Egypt, which reached some 163.5 billion dollars over the past three years, said presidential spokesman Bassam Radi.
The Minister added that the government has no intention of increasing taxes over the next four years.
President Abdel Fatah al-Sisi affirmed Egypt’s belief in the role of the private sector
British investments in Egypt recorded $5.6 billion through 1450 projects.
He pointed out that Egypt’s interest in education and culture meets Britain’s interest to boost partnership between both countries regarding these files.
This came during his speech at the session on the development of the health insurance system as part of the second day of the Sixth National Conference for Youth.
Egypt Today presents the key questions, published by the IMF, regarding its agreement with Egypt, explaining how the program is going to improve the Egyptian economy.
In May, an IMF delegation visited Egypt for 16 days in a third review of the state’s economic reform program
The minister's remarks were made on the fringe of his participation in a symposium organized by the Egyptian-British Business Society on Tuesday night.
This came during the “Inclusive Growth and Job Creation Conference” organized by IMF, in cooperation with the government and the Central Bank of Egypt.
