"The Egyptian government will announce within days a set of measures to maintain the high growth rates this year and the coming year," Minister of Investment Mahmoud Mohie Eddin said in statements to the press Wednesday 10/12/2008, who is currently Visiting Seoul to promote South Korea's business and investment ties with Egypt.
He said the position of Egypt's balance of payments is good and stable.
The influx of foreign capital affirms the strength of Egypt's balance of payments, he said.
Mohie Eddin expected the inflation rate to be less than 10 percent.
He said the second stage of reforming the financial sector, to begin in 2009, will focus on financing the productive projects especially the small and medium enterprises.
Wednesday, December 10, 2008
Source: Egypt State of Information
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