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Elham AbolFateh

Egypt

Finance Minister heads to France for OECD-EU meeting

Thursday 14/December/2017 - 04:12 PM
Sada El Balad
Hassanein Tayea
Finance Minister Amr El-Garhy will fly to Paris on Wednesday to take part in the annual OECD-EU Joint Ministerial Meeting on enhancing economic governance and public administration reform، an official statement said.

The Organization for Economic Cooperation and Development (OECD) is an intergovernmental economic organization with 35 member countries. It was founded in 1960 to stimulate economic progress and world trade.

Garhy is scheduled to meet a host of major French investors in the sectors of industry and financial services، so as to make a comprehensive overview on Egypt’s economic reform program، as well as legislations and resolutions made by the government to support and improve the investment climate.

The finance minister is set to make a speech during a session in which he is set to offer the Egyptian reforms applied within the past two years، according to the statement.

The statement added that Garhy will discuss a number of issues، such as increasing growth rates، which is able to create jobs، and the cooperation between government and the private sector in several sectors، including renewable energy، natural gas and transportation.

The OECD raised its estimate of global economic growth to 3.6 percent during its 2017 report، compared to 3.5 percent in its previous report، and it expects the world economy to grow 3.7 percent next year and 3.6 percent in 2019.

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