Egyptian Ministry of Finance stresses flexibility in handling global economic changes

Egyptian Finance Minister Mohammed Maait stressed that his country is able to flexibly manage rapid global economic changes that have a direct impact on consumers and public policies.

He made the remarks on Saturday during the presentation of performance indicators for 2021/2022, saying that Egypt was one of the few countries that achieved a 1.3% surplus last year compared to other countries. emerging countries which reached a preliminary deficit of 4.7%.

“This reflects our ability to adapt flexibly to global economic changes while maintaining a safe economic path,” he noted.

The Minister met the British Ambassador in Cairo, Gareth Bailey.

Maait expressed Egypt’s interest in strengthening the decades-long cooperation in coinage.

This will benefit Egypt’s future ambitions and enhance its ability to respond to local and regional market demands.

For his part, Bailey said his country supports Egypt’s development efforts in various fields so that it can meet the needs of its citizens and improve their standard of living and services.

The Ambassador expressed a desire to explore possibilities for currency cooperation between the currencies of the two countries in a way that benefits their mutual interests and strengthens their partnership.