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Elham AbolFateh

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CB Governor:Results of economic reform exceeded expectations

Thursday 12/October/2017 - 01:41 PM
Sada El Balad
Sada ElBalad-Rehab Sayed

Egyptian Central Bank Governor Tariq Amer said that the results of the economic reform process implemented by Egypt since the last quarter of last year came strong and exceeded all expectations.

Amer said in statements to Middle East News Agency that the reforms implemented were not just economic measures، but were a major shift in the wrong concepts that undermined the capabilities of the Egyptian economy over many years.

He added that the economic reform program is an integrated program that should be evaluated in whole and not in part، and the results achieved so far - according to the description of global investment managers - is a miracle، as the flow to the economy reached more than $ 18 billion foreign investment and Egypt attracted requests from international institutions by more than 26 Billion dollars in international bonds it issued.

He also pointed out that international fund managers and international investment institutions described Egypt's achievements as miraculous، putting Egypt as the world's foremost investment destination at the level of emerging markets.

Amer explained that conscious political awareness was at the highest level of responsibility and was crucial to the ability to secure passage despite resistance from som.

He also stressed that it is time to work for the real economy to start in the various sectors of the state to finish the pains it has suffered.

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