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Supervisor
Elham AbolFateh

Egypt

Watch…Sisi’s word in the International Conference on Financial inclusion

Thursday 14/September/2017 - 01:12 PM
Sada El Balad
Sada ElBalad-Nada Moustafa
Egypt’s President Abdel Fatah Al-Sisi said that what is happening in Egypt is unprecedented، adding، “I must tell you about the Egyptian people، who are fighting two battles with pride، honor، and treachery; which are terrorism، and development”.

Sisi continued in his word during the international conference on financial inclusion، “Egyptians were the Unknown Soldier in the light of the recent economic reforms، as they bear them with all strength and patience”.

Moreover، Sisi expressed his happiness، as Egypt was chosen to be the first Arab country to host the international conference on financial inclusion، based on precise criteria following the implementation of the economic reform policy and the formulation of Egypt development strategy 2030.

Sisi added that the financial inclusion policy has proved its importance across all countries، noting، “We are working according to Egypt’s vision to reach a solution for the economic problems”.

Sisi underlined “We have implemented policies and decisions necessary for economic reform، some of which have been delayed for decades”.

Moreover، he pointed out that the recent decisive economic measures have resulted in Cash reserves reaching more than $ 36 Billion، which regarded as an achievement in the light of the circumstances surrounding Egypt since the January 2011 and June 2013 revolutions.

Sisi added that the economic growth rate has increased by 4.9% during the fourth quarter of the fiscal year 20162017، compared to 4.10% in the previous quarter.

Additionally Sisi stressed that the government issued a unified investment law، which provides attractive advantages، and encourage small and medium enterprises، as they considered as the cornerstones for the economy development.

“Egypt is looking forward to being a leading country in the financial inclusion field، as we are working on a new phase in which citizens will be financially reassured to contribute to reducing the informal economy”، Sisi said.

Sisi stressed that he has confidence in Central Bank ability to play a leading role in coordinating with all concerned parties in the country to achieve the financial inclusion.

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