Jarhi: Egypt will be a completely different country in 3 years.. Video
Wednesday 09/August/2017 - 12:09 PM
"We are working to rationalize imports،" said Dr. Amr al-Jarhi، finance minister، adding that investment in treasury bills is faster than direct investment.
He explained in an interview with media anchor Osama Kamal، in، "DMC evening" program، that the issuance of dollar bonds is important to diversify the sources of dollar funding، pointing out that companies operating in Egypt have become export-oriented after the liberalization of the exchange price، which reduced the cost.
"It has been only 9 months since these the economic reforms have been taken, we need time for the citizens to feel better"، Jarhi added.
He concluded by asserting that President Abdel Fattah al-Sisi insists on taking economic reform decisions without considering their impact on his popularity.
"We will see Egypt as a completely different country in 3 years and the improvement will be gradual in the coming years." Jarhi added.