Egypt targets 2013/14 growth of 4.1pc
Cairo, May 8, 2013
Egypt's newly appointed Planning Minister Amr Darrag said on Wednesday that the government was targeting economic growth of 4.1 percent in the fiscal year that will begin on July 1.
The government had previously been predicting gross domestic product (GDP) growth of 3.8 percent.
Darrag, a member of the Freedom and Justice Party of President Mohamed Mursi, is expected to take a leading role in Egypt's negotiations for a $4.8 billion loan from the International Monetary Fund. He was appointed to the post in a cabinet reshuffle announced on Tuesday. – Reuters
More Government & Laws Stories
- Egypt to pay $1.5bn arrears to foreign oil firms
- Charles Russell opens Qatar office
- Egypt delays decision on $4.8bn IMF loan
- UAE, Netherlands sign investments deal
- Iran sees no big 2014 oil exports recovery
- Egypt ‘returned $500m deposit to Qatar’
- Bill to scrap expat levy is rejected
- Bahrain’s eGovt backs major ICT summit
- Teargas flies in Cairo as constitution takes shape
- Bahrain vows to build on reforms