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Prime minister held an economic group meeting in Egypt

Source: www.export-egypt.com  9/22/2012, Location: Africa

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Prime minister held an economic group meeting, attended by governor of central bank and ministers of investment, finance, planning, petroleum, electricity, industry, communication and secretary general for cabinet of ministers. Each minister reviewed developments in his field, methods of improving services provided to citizens, they discussed ways of solving the problem of budget deficit. They Two great reviewed special indicators of the Egyptian economy that includes: classifications companies (moody, standard+poor) removed Egypt's name from Decrease in the watch list for the first time since 25th revolution. insurance cost in the credit given to Egypt for 5 years ( credit default swap) Decreasing cost of Issuance of treasury bills and bonds from 7.3% to 4.25% by 1.25%-1.5%. Governor of central bank said that these indicators reflect confidence in the Egyptian economy performance, so development will be continued in the coming period. The meeting assured the importance of intensifying economic activity in the current period, encourage private sector, investors so we can achieve economic stability and increase national income.

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