Egypt's robust rate of growth
Egypt, Economics, 3/10/2005

Officials from the World Bank and the International Monetary Fund said that Egypt's economic reform program is going speedily and the country does not suffer any big economic crises especially following the success of the recent measures and decisions taken by Prime Minister Ahmed Nazif's government that led to a stability in the exchange rate and a rises on volume of savings.

On his part, representative of the Arab states to the IMF Abdel Shakour Sha'alan said that he expects Egypt's rate of growth will climb to 6 per cent.

These remarks were made on a meeting yesterday with members of the American Chamber of Commerce in Egypt currently visiting Washington for talks with US officials, Congressmen and businessmen for enhancing cooperation in trade exchange and investment.

Sha'alan added that the IMF delegation that had visited Egypt returned with positive impressions that will be included on a report on Egypt due to be published on April.

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