Egypt’s Minister of Finance Mohamed Maait stated that the government is pursuing more reforms and structural measures in the next period to cope with the economic challenges from both internal and external sources, especially those mentioned in the Standard & Poor’s (S&P) report. Standard & Poor’s also anticipated that the government would continue to implement further reform measures in the upcoming period within the economic reform programme. The Finance Minister’s commitment to maintaining financial discipline and boosting tax revenue growth was praised by experts from Standard & Poor’s. This would achieve strong and sustainable growth primarily driven by the private sector. He pointed to the concerted efforts of all state authorities to encourage and attract private sector investments, including foreign direct investments, and to boost the export sector and productive activities.
