The political and security stability in Egypt is one of the main pillars of Egypt’s economic growth, affirmed Finance Minister Mohamed Maait.

Despite the volatile security situation and economic challenges in the region, President Abdel Fattah El Sisi succeeded in maintaining all the policies necessary for political and economic stability, a matter which contributed to successfully implementing the economic reform program, added the minister.

Egypt has taken advanced steps to mitigate the spread of coronavirus and confront the negative effects caused by the virus on the emerging markets, affirmed the minister during his meeting Thursday with Iraq’s Governor of the Central Bank of Iraq Mustafa Ghaleb along with his accompanying delegation.

The minister, meanwhile, affirmed that Egypt has become more attractive for foreign direct investment and has the potential to attract more investments.

The new comprehensive health insurance system will be finalized within 10 years nationwide, he further said.

Egypt stands fully ready to transfer its expertise in economic reform spheres to Iraq, added the minister.

The minister also hailed the close ties binding Egypt and Iraq, pointing out to Iraq’s significant experience in areas related to the in-depth knowledge of human resources management.

The Iraqi official, for his part, hailed the unprecedented development Egypt is witnessing in the various fields.

He further praised the success of Egypt’s economic reform program, affirming that his country cherishes its close ties with Egypt.

He also invited the finance minister to visit Baghdad to discuss ways of boosting bilateral cooperation.

Iraq has managed to pass a difficult stage, he said, adding that luring investments into the country is currently one of the top priorities.

Source: State Information Service Egypt