Egyptian Prime Minister Mostafa Madbouly on Friday met with a high-level delegation from the World Bank, in the presence of the Ministers of Planning and Economic Development, International Cooperation, Finance, Trade and Industry and in addition to the CEO of the General Authority for Investment and Free Zones.
Egypt’s economic reform program proved to be a great success, Madbouly said. He stressed that the government is moving quickly to complete the second phase of the economic reforms.
He said that the Egyptian economy’s indicators showed a growth rate of 5.6 percent – which the government is working to increase – and that foreign exchange reserves reached more than $45.5 billion.
Furthermore, the unemployment rate reached its lowest level to 7.5 percent in the second quarter of 2019, and tourism revenues reached about $12.6 billion.
