Online Newsroom: Egypt News Archive
Nazif: Egypt Withstands Global Financial Crisis Impact
March 1, 2010
Egyptian State Information Service
Prime Minister Dr. Ahmed Nazif said on 28/2/2010 during the annual meeting with the members of the American Chamber of Commerce in Egypt that Egypt succeeded to overcome global economic crisis repercussions as attested by the global economic institutions.
The Prime Minister called on the members of the chamber to highlight the strength of the Egyptian economy and its success in withstanding the effects of the global financial crisis. He said the Egyptian economy had achieved a growth rate of 5 per cent, in spite of the crisis.
Cabinet Spokesman Dr. Magdy Radi said the assignment of the door- knocking mission comes within the framework of efforts by the American Chambers of Commerce to interact with the US market.
He said the meeting addressed a number of important issues, such as the state of the Egyptian economy and the global economic crisis impact.
Radi said the Prime Minister asked the members of the chamber to convey to the US side a number of messages: that the Egyptian economy had overcome the global financial crisis, and that investors were confident in the Egyptian economic performance. The Prime Minister told the members of the chamber that the Egyptian government was keen to bring about a qualitative development of relations between Egypt and the US administration.