26 May 2019 05:34 AM

Maait reviews with Fitch officials outcome of economic reforms in Egypt

Friday، 12 October 2018 - 10:53 AM

Finance Minister Mohamed Mait reviewed with officials from Fitch Ratings agency the outcome of implementing the economic reform program in Egypt.


The meeting took place on the sidelines of meetings of the International Monetary Fund (IMF) and the World Bank in Indonesia, the Finance Ministry said in a statement on Thursday.


Mait affirmed restoring economic stability and the confidence of international institutions and markets in Egypt.


A large amount of money was saved under programs for rationalizing energy consumption and reforming public expenditures, he said, noting that the saved money went to social programs and public investments.


Meanwhile, Mait had talks with his South Sudanese counterpart on means of boosting investments as well as the establishment of a joint ministerial committee to further bilateral cooperation.


The minister will participate later in the day in meetings of the IMF, finance ministers and governors of Arab central banks.


During the meetings, Mait will review economic growth rate and means of balancing expenditure, inflation and interest rates. He will spell out Egypt's future vision.



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