CAIRO – 5 September 2021: Egypt’s Minister of Finance Mohamed Maait affirmed that the Egyptian economy has become more capable of facing challenges and meeting the aspirations of the people, referring that it ranked second globally in the "Economist" index for the return to pre-pandemic life. Maait stated that this reflects the government's success in the elaborate implementation of the economic reform program, in a way that contributed to enabling the Egyptian economy to contain the repercussions of the pandemic. “In Egypt, we are keen on the stability of tax policies in the structural reforms package to attract investment,” he said. Maait explained that government investments during the current fiscal year witnessed an unprecedented increase of 27.6 percent to maximize spending on development projects. Mohamed Maait, Minister of Finance, and Hala el-Said, Minister of Planning, met with Mohamed Al-Jasser, President of the Islamic Development Bank, who welcomed Egypt's hosting of the next annual meeting of the Islamic Development Bank Group.

Source: Egypt Today September 05, 2021 10:41 UTC