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Egypt’s economic reform plans ‘succeeding’: Kerry - Daily News Egypt

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Egypt’s economic reform plans ‘succeeding’: Kerry

Mehleb and the US Secretary of State hold talks over Egypt’s economy, Gaza ceasefire


US Secretary of State John Kerry  (AFP PHOTO / PABLO MARTINEZ MONSIVAIS / POOL)
US Secretary of State John Kerry
(AFP PHOTO / PABLO MARTINEZ MONSIVAIS / POOL)

The United States appreciates Egyptian efforts to reform structural economic imbalances, US Secretary of State John Kerry said in recent talks with Prime Minister Ibrahim Mehleb during the latter’s visit to Washington, DC.

During the meeting, Kerry praised the country’s progress saying that “Egypt’s plans to reform its economy are succeeding”.

In a statement published Tuesday, Mehleb said he met with Kerry on 4 August at the latter’s headquarters in Washington DC. The meeting took place in the presence of the Egyptian Ministers of Economy and Finance and top US aides.

“The US administration values the successful steps taken by Egypt to reform structural imbalances in Egypt’s economy and proceed down the path to development in a practical and effective way,” said Kerry. He added that the United States was keen to see Egypt’s democratic experience succeed.

Mehleb said: “We showed [the] Kerry government plans for supporting economic reform in the coming stage as well as the measures taken toward progress in all economic and service sectors. This includes a plan to construct a network of roads measuring 3,000km and the reclamation of one million feddans as a first step.”

“Egypt is working to encourage foreign investment in all fields to provide more youth work opportunities,” he told Kerry.

Mehleb and Kerry also discussed the situation in Gaza in an attempt to achieve a ceasefire and stability and peace in the region.

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https://www.dailynewsegypt.com/2014/08/05/egypts-economic-reform-plans-succeeding-kerry/
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