(MENAFN - Kuwait News Agency (KUNA)) Egyptian Minister of Finance Al-Morsi Hejazi said Sunday his country's national economy could overcome the current financial crisis.
A national agenda is required for financial and economic reforms that could fulfill the people's ambitions of real development, the minister told a news conference.
He announced a package of investment projects to be put up by the Ministry of Finance in collaboration with several other ministries and state bodies within the coming few weeks.
He considered the government's reform and social program as a "solid nucleus" for financial changes in Egypt and a step on the way to a way out of the current financial crisis.
The program, which is centered on social, economic and financial aspects, is mainly intended to push growth rates, boost employment and attain social protection and justice, he added.
The reform program provides for reprioritizing public spending, revising energy subsidy and revamping the tax system, the minister remarked.
He pointed to preparations for announcing fresh investment projects worth 17 billion Egyptian pounds (a US dollar is equal 6.50 pounds).