CAIRO – 11 November 2020: The performance of the Egyptian economy in light of the Coronaviruspandemic exceeded expectations, according to the testimony of international institutions and credit rating institutions, including the International Monetary Fund, the World Bank, Golden Man Sachs, Standard & Poor's, Moody's and Fitch, Minister of Finance Mohamed Maait said. Maait added that the fruitful economic reforms have given the Egyptian economy a measure of resilience in facing internal and external challenges. He said that the Standard & Poor's Corporation, in its latest report, kept Egypt's credit rating in both local and foreign currencies unchanged at the “B” level, while also maintaining the stable outlook for the Egyptian economy for the second time within 6 months in 2020. DIT is a part of the U.K. government that works on helping businesses export and grow into global markets. The event will discuss the green economy file and ways Cooperation between Egypt and the United Kingdom in this regard and deepening trade, economic and investment relations between the two countries.

Source: Egypt Today November 11, 2020 14:48 UTC