Ahmed Kouchouk, Minister of Finance, concluded his participation in the annual meetings of the IMF and the World Bank in Washington.

 

The Washington meetings witnessed an extensive activity of the Minister of Finance, where he participated in the official meetings of the G20, and held a number of bilateral meetings with his counterparts in some countries to discuss the strengthening of economic and financial relations, in addition to attending the ministerial meetings of the countries of the Middle East and Africa with the Executive Director of the International Monetary Fund, as well as attending and speaking in a large number of meetings organized by major international investment banks, with the participation of hundreds of investors and representatives of all classification institutions and those interested in investment affairs. He also held a number of meetings with think tanks, influence centers and business community organizations in the United States of America, as well as speaking in many sessions and meetings.

 

The visit also included interviews to discuss with representatives of a number of the most important international institutions such as the IMF, the World Bank, and African institutions, which provided an opportunity to explain the latest economic developments in Egypt, efforts to continue to stabilize and improve the economic and financial conditions, and to present the Egyptian vision on various financial and economic issues, explain the most important regional and global challenges, and the most important reforms and measures taken, amid expectations of improving economic growth rates. The visit also included targeting financial stability in the medium term with attention to the social dimension, and the positive and encouraging financial results achieved during the past period, and efforts to raise the efficiency of public debt management, and to target the status of government indebtedness on a downward path with an integrated strategy, as well as the structural and economic reforms carried out by the Egyptian government, in its serious quest to create a favorable and attractive business environment for domestic and foreign private sector investments, while reviewing the diverse and incentive opportunities for investment, and the financial and economic targets during the coming period. International investors have shown a response to the presentation of the financial and economic reform plans conducted by the Egyptian government.

 

The Minister expressed Egypt's aspiration for positive and constructive consultations during the visit of the targeted IMF mission within the framework of the "fourth review" of the economic reform program scheduled for the coming period.

 

He stressed his aspiration to continue coordination and cooperation efforts with all international institutions during the coming period, in order to ensure the continuation of efforts to facilitate and improve the investment climate, the full implementation of the targeted tax facilitation package during the current fiscal year, the completion of efforts to improve the business environment, and work to push forward and strengthen social protection and human development efforts and measures.