Nasr,IFC sign letter of intent to attract investments
Investment and International Cooperation Minister Sahar Nasr
Cairo - Egypt Today
The International Finance Corporation (IFC), a member of the World Bank Group, signed Monday with Investment and International Cooperation Minister Sahar Nasr a letter of intent to develop a national strategy aimed at luring investments to Egypt.
This falls within the framework of efforts meant to support and develop the investment environment after the assessment of Egypt's newly-endorsed investment law and its statute.
"The Egyptian Exchange (EGX) is one of the top three emerging-market exchanges in the Middle East and North Africa and our aim is to further develop it to serve the financing needs of real economy," Nasr said.
"This round table will facilitate dialogue between policymakers and representatives of international organizations, investors and other stakeholders to help develop a number of key projects in the future."
The IFC co-hosts a high-level two-day round table, starting today, on further developing Egypt's capital markets to attract investment and spur economic growth, according to a statement obtained by MENA
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