Egypt's PM wants to boost private sector investments

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Egyptian Prime Minister Moustafa Madbouly said on Sunday he wanted the private sector to account for 65% of all investment in the country within three years, up from around 30% at present.

He also said in a press conference that the government aims to decrease total debt to 75% of gross domestic product in the next four years from 86% currently, and the budget deficit to 5% from 6.2%.

Madbouly said that the country aims to achieve a primary surplus of about 1.5% in the current fiscal year that ends in June 2022, which would rise to 2% of GDP over the next four years.Reporting by Momen Saeed Atallah, Yasmin Hussein and Moataz Mohammed Editing by Gareth Jones and Peter GraffSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Egypt to be among first to issue new climate targets ahead of U.N. summitEgypt plans to issue a new national target to cut its greenhouse gas emissions within weeks, Foreign Minister Sameh Shoukry said on Friday, as it prepares to take the lead on global climate negotiations as host of a U.N. summit in November. EganMattNOTCNN Egypt greenhouse gas emission data and figures 👇 If you like this kind of stuff be sure to check out my website for many more datasets and figures! Thank you and have a wonderful day 🤖
Source: ReutersScience - 🏆 559. / 51 Read more »

Australia's Morrison vows more empathy if re-elected PMAustralian Prime Minister Scott Morrison promised on Saturday to be more empathetic if he wins re-election, as his government continues to trail the opposition Labor Party a week before a general election. LOL Guy already spent a shit load of tax payers money on empathy training. He lies. He lies about lying. Australia an international laughing stock.
Source: Reuters - 🏆 2. / 97 Read more »

Sri Lanka eases curfew as new PM begins forming cabinetSri Lanka lifted a nationwide curfew for 12 hours on Saturday, further easing tight curbs as new Prime Minister Ranil Wickremesinghe made first his cabinet appointments after clashes between pro- and anti-government groups killed nine people.
Source: Reuters - 🏆 2. / 97 Read more »

Putin's 'already started to realize' he's losing in Ukraine: Ex-Russian PMMikhail Kasyanov said Friday that he believes Putin was 'misled' by advisers about the state of Russian forces and how long an invasion would take. Just bust a nu-clear cap in they azz. Looks like there has been a general call among the media outlets to put out garbage propaganda today. At the same time Euro and US leaders are crawling to Russia begging for a ceasefire. Something is going on... They told him what he wanted to hear. That's different from being misled. He's a WarCriminal and needs to be stopped, not a responsible leader getting bad info.
Source: Newsweek - 🏆 468. / 52 Read more »

This day in history, May 15: After declaring its independence, the new state of Israel attacked by Transjordan, Egypt, Syria, Iraq and LebanonAlmanacs are full of lists of global and national historic events. But “This Day in History” feature invites you to not just peruse a list, but to take a trip back in time to see how a significant event originally was reported in the Chicago Tribune. Everyone hates the Jews. But we can handle it. FreePalestine Nakba74
Source: chicagotribune - 🏆 8. / 91 Read more »

Why it matters that Trump wanted to court martial retired officersTwo decorated, retired military heroes disapproved of Donald Trump — who wanted to court martial the private citizens for having hurt his feelings. MaddowBlog Is this real or fake news. I'm not reading it, you guys have cried wolf far too many times MaddowBlog What matters is you stop lying. None of this happened it is pure speculation and guessing by a supposed news organization MaddowBlog God help us
Source: MSNBC - 🏆 469. / 51 Read more »