CAIRO – Egypt’s Finance Minister Mohamed Maait said the Egyptian economy is going on the right track, a testament that receives consecutive Certifications of trust by international financing institutions and ratings agencies.
Such trust certificates reflect the fruits of the comprehensive national program for economic reforms, adopted by President Abdel Fattah El Sisi and supported by the Egyptian people, added Maait in remarks late Thursday.
The finance minister added the economic reforms are mainly contributing to boosting the structure of the Egyptian economy and establishing a strong economy that is capable of facing domestic and foreign challenges and saving it from sharp impacts of Covid-19 pandemic.
Maait pointed out the State has become now more capable of handling this global bailout professionally and its serious repercussions, which, he said has contributed to helping the Egyptian economy avoid a worst destiny in the shadow of coronavirus’ negative impacts, that took its toll on different economies.
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