Finance Minister Mohamed Ma’eit said Wednesday that the accurate implementation of economic reforms together with effective financial policies have resulted in a more resilient Egyptian economy in the face of internal and external challenges, atop of which the coronavirus pandemic.

Ma’eit was commenting on a recent report by Moody’s about the resilience of the Egyptian economy in the face of fluctuations of the financial markets.

A statement by the Finance Ministry said the government is still adopting the same economic policies that helped achieve high growth rates despite the negative impact of the coronavirus.

Moody’s believes the Egyptian economy is still capable of maintaining resilient performance in the face of repercussions of the US Federal Reserve monetary policy, which poses pressure on emerging markets, the statement added.

Source: State Information Service Egypt