PM says Egypt successfully handles consequences of reforms

Prime Minister Mostafa Madbouly has underscored efforts exerted by Egypt to radically solve problems and overcome consequences of reform measures.

Addressing the International Finance Corporation (IFC) Day in Egypt, Madbouly said that the Central Bank of Egypt (CBE) has, since March, taken measures to guarantee flexible exchange rates.

He added that the government also acted to pay some of the arrears to the local market and foreign partners.

Based on Egypt’s 2030 vision, four sectors have been given top priority, namely the industry, agriculture, IT and tourism, the prime minister made it clear. Those sectors play an important role in economic growth, he noted.

Madbouly said he is confident that all measures taken by his government will help achieve sustainable growth.

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