Egypt: Economic Reform Key to Improve Egypt’s Credit RatingSource: www.export-egypt.com 5/16/2016, Location: Africa |
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 Egypt's credit rating could improve through applying reform and making progress in the financial and economic reform program, the government announced.
The reform measures could also help attract investors to the Egyptian market, the government said. The remarks were made at a ministerial economic committee's meeting held under Prime Minister Sherif Ismail and in the presence of Governor of the Central Bank of Egypt (CBE) Tarek Amer and several related ministers. During the gathering, the ministerial committee stressed that the government pays great attention to overcoming economic challenges, so that it could build a strong economy and achieve financial sustainability backed by the confidence of local and foreign institutions and investors. The economy is going through large internal and external challenges which coincide with the slowdown in global growth rates, taking its toll on developing States and putting pressure on their exchange rates, the government added. |
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