During his five-day visit to the US, Egyptian President Abdel Fattah Al-Sisi held a meeting in Washington on Monday evening with members of the American-Egyptian Chamber of Commerce, headed by its president and CEO, Thomas J. Donohue. The president stated in his speech that Egypt has become secure and stable and has gained all of its democratic entitlement. Al-Sisi said that the political changes that Egypt has witnessed imposed heavy economic burdens, explaining that implementing reforms is a now priority to fix the current economic and political situations. He added that Egypt is implementing a reform programme in cooperation with the International Monetary Fund (IMF), emphasising that Egypt has taken important steps in improving the investment climate in the country to attract more foreign direct investments. The president explained that towards those axes, Egypt has taken serious steps, such as floating its currency and reducing petroleum and electricity subsidies.

Source: Daily News Egypt April 04, 2017 14:14 UTC