-  Egypt on the right track to overcome the economic crisis and restore of growth rates.

-  U.S. Ambassador confirms her country's support for Egypt's efforts.

Dr. El Morsy Hegazy Minister of Finance confirmed that Egypt is on the right track to overcome the economic crisis thanks to the various economic pillars which it enjoyed, and human resources's high capacities, and able to boost production to restore economic growth rates. This was during his meeting with U.S Ambassador Anne Peterson in Cairo who was keen to meet with the Minister to congratulate him on taking the position of Minister of Finance, beside to discuss the latest economic situation, and consultations's advancing between Egypt and IMF. In regard to Egyptian-US relations Minister stressed the strength of friendship ties between Egyptian-US peoples.

Pointing out that the transitional phase taking place in Egypt will end by conveniency and completion of the democratic transformation and the Minister noted that IMF mission will arrive to Cairo during the coming period to resume consultations on Egypt's loans file from IMF valued at $4.8 billion.

He explained that the agreement is based on the economic-social reform programs prepared by the Egyptian government and that in order to ease the burdens for many segments of the community and care for low-income and improve public services especially in most needed areas.

For its part, U.S Ambassador Anne Peterson confirmed United States full support to Egypt, noting that there are many opportunities for businessmen and companies of the two countries for the joint development of economic relations and contribute to the increase of investment and trade and business development in all fields.

She said that Egypt has promising economic potentials that make it enable to overcome the current phase and she renewed her country's support for the Egyptian government's efforts to reach an agreement with IMF and to overcome the economic and financial crisis which it is suffering from.