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Unofficially recorded funds in Egypt at $240 billion
Egypt, Economics, 5/12/1998
Yousef Butros Ghali, the Egyptian minister of economy, said today that the volume of unofficially recorded funds in the Egyptian economy is $240 billion which can be invested in the development in Egypt.
Ghali's statements came during his inauguration of a workshop concerning small and medium size industries and in the attendance of Egyptian Minister of Social Insurance Mervet El-Talawi and the Canadian ambassador in Cairo.
Butros Ghali said small business constitute more than 99% of the total number of business outside the agricultural sector and provide 90% of jobs outside this sector.
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