11:42 p.m
Thursday, October 31, 2024
Books – Hassan Morsi:
Dr. Mohamed Maait, former Minister of Finance and Head of the Arab Group at the International Monetary Fund, confirmed that what is being said about the possibility of a new floating of the pound in the near future are just rumours.
In his interview with the journalist Mustafa Bakri on the program “Facts and Secrets” on the Sada El Balad channel, Maait pointed out that we have a flexible exchange rate, and that all the needs of hard money are available in banks, which deny that there are any problems. in this regard.
Regarding the statements of the Director of the International Monetary Fund about the expectation of a high growth rate in Egypt, Maait described her speech as prestigious, noting that Egypt has a young population structure, and with the provision of opportunities and business development. environment, the private sector can be pushed to drive development.
Maait also addressed the issue of Egypt’s agreement to the BRICS group, noting that this agreement represents international recognition of Egypt’s size and economy.
He believed that BRICS provides Egypt with opportunities in the areas of investment, export and cooperation, and strengthens integration in financial systems, as well as expanding the import basket currencies.
Maait explained that the New Development Bank linked to BRICS provides funding to various sectors, which will allow Egypt to benefit from international experience, emphasizing Egypt’s effort to overcome obstacles and face economic challenges, especially conflicts in the Red Sea.
Maait pointed out that Egypt has the opportunity to reach $100 billion worth of exports, while stressing that Egypt had at some point reached the first economic place on the African continent.
2024-10-31 20:42:00
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