5 January 2013

Egypt: Finance Minister - We Shall Not Sell the State Assets, Economic Breakthrough Expected Shortly

A senior official from the International Monetary Fund has been meeting the Egyptian government for talks about a loan that is crucial for the ... ( Resource: IMF in Egypt for Loan Negotiations

Minister of Finance Momtaz El Saeid has announced the end of societal dialogue on taxation amendments. He said the ministry will probe the suggestions it has received from non governmental organizations on taxation amendments, adding the government will resume consultations with the international monetary fund in the coming few days in order to wrap up all measures needed in order to get the IMF loan.

Saeid said the coming days will witness a strong breakthrough in the economic situation in Egypt mainly in the fields of tourism and investments.

Al Ahram learned that the IMF mission under Massoud Ahmed will arrive in the coming few days to have dialogue with the Prime Minister and the members of the economic group in order to put the final touches on the agreement between Egypt and the IMF.

Minister Saeid pointed out that he has agreed with the grand Sheikh of Al Azhar Dr. Ahmed El Tayyeb to hold a meeting with Islamic research academy to discuss the Islamic sukuk bill which was motivated by the pressing need of the Egyptian economy to diversify instruments of financing, expanding the base of investors and providing the necessary foreign currency for financing the state run social activities, importing strategic commodities and developing health and education services.

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