Sunday 22 Dec
Minister of Finance Dr. Mohamed Maeet affirmed that the New Administrative Capital, "the jewel of smart cities," is ready to host the meetings of Arab finance ministers next May.
The meetings aim to exchange the Arab experiences and
expertise on the challenges facing the financial policies in the current stage
and ways to deal with them, in order to achieve development goals, especially
in light of the successive global economic crises and the accelerating events
in the Middle East, that affect negatively the development plans in the Arab
region.
During his meeting with Dr. Fahad bin Muhammed Alturki, Director
General Chairman of the Board of Executive Directors of the Arab Monetary Fund,
on the sidelines of the Spring meetings of the IMF and World Bank in Washington,
the minister said that Egypt is keen to strengthen cooperation on both
bilateral and regional levels to achieve Arab economic integration, and
consolidate the bonds of joint work to boost economy and increase mutual
investments among Arab countries, in a way that allows avoiding the severity of
internal and external shocks.
Dr. Maeet reviewed Egypt's efforts during the past period in
structural reforms, investment incentives and facilities, which were reflected
in attracting direct investments, the most prominent of which is the Ras El
Hekma deal. He expressed his appreciation to the Arab Monetary Fund for its
continuous support for Egypt's efforts towards comprehensive and sustainable development.
