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FINANCIAL NEWS
Egypt considers stimulus package
13 Feb 2011
(MENAFN) The Finance Minister of Egypt, Samir Radwan, said that in order to motivate growth and create jobs, the country is considering the execution of an economic package, reported The National.
Radwan said that he reassured international investors, who were worried about the country’s growth prospects as the opening of the Egyptian Stock Exchange was postponed.
The Finance Minister said that a stimulus package is considered fundamental to replace growth that has been lost because of the recent political crisis.
The stimulus package is expected to come from either the government sale of more debt, a loan from the IMF or by redirecting spending in the economy.
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