Finance Minister Dr. Youssef Boutros Ghali said Egypt’s economy is small but strong and despite the global financial crisis Egypt’s targeted a rate of growth five percent this year as the government has adopted a group of measures and incentives to face the consequences of this global financial crisis which helped Egypt to seek a growth rater of 4.7 to 5 percent this year and lowering the deficit in the budget by nine percent of the gross domestic product (GDP).

Ghali was addressing members of the French chamber of commerce in Egypt and a number of Egyptian and French businessmen as well as heads of Egyptian and French firms.

Despite the impacts of the global financial crisis, but Egypt is continuing with the economic reform process and adopting measures to create the convenient climate to attract investments and job opportunities.

(Source: Arab Finance)