Egyptian Finance Minister Mohamed Ma’eit held a meeting Sunday with YM Dato Seri Paduka Dr Haji Abdul Manaf bin Haji Metussin deputy minister of finance and economy of Brunei on the sidelines of the annual sessions of the Islamic Development Bank (IsDB), which ended in the Egyptian Red Sea resort city of Sharm el Sheikh late Saturday.
The two officials discussed financial measures and policies adopted to face the current global crises and the ensuing inflation wave as a result of disrupted supply chains and increased cost of production.
Ma’eit posted Haji Abdul on Egypt’s economic recovery plan that is meant to alleviate the aftermath of foreign shocks and support segments that are most harmed by the war in Europe.
The plan also aims to maintain a safe economic path in light of such exceptional international challenges, he said.
Egypt is also working on structural reforms and development projects with the aim to improve the living conditions of citizens and upgrade services offered to them, Ma’eit added.
He touched upon a financial bunch for social protection worth 135 billion pounds that should help cope with repercussions of the current global economic crisis, as well as alleviate inflation.
Ma’eit said the Egyptian government is willing to cooperate with Brunei in all fields, particularly where social protection is concerned.
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