A few hours ahead of the arrival of the mission of the International Monetary Fund (IMF) in Egypt, indicators of the Egyptian economy performance have confirmed a big improvement in exports, investmen...

A few hours ahead of the arrival of the mission of the International Monetary Fund (IMF) in Egypt, indicators of the Egyptian economy performance have confirmed a big improvement in exports, investment and public debt during the past few months. Minister of Finance Momtaz el Saeed said the IMF mission aims to get acquainted with the developments of the Egyptian economy, the improvement of conditions as this will deepen the world confidence in Egypt. The Minister noted that the economic reform program will not affect citizens' social needs, adding the government is keen to maintain a balance between the social and economic dimensions. For his part, Minister of Petroleum Eng. Abdallah Ghorab said foreign investments in the sector of oil during FY 2012/2013 rose by 8.6 billion dollars. He noted that this reflects the confidence of big world companies in Egypt's economy. Eng. Ghorab said there are no plans to increase prices of gas, adding that big quantities of oil products would be injected into markets.  http://www.sis.gov.eg/En/Story.aspx?sid=59914