Cairo – Mubasher: Egypt is planning to achieve a 6% growth during the fiscal year 2019/2020, with total investments of EGP 1.17 trillion ($67.54 billion).
The North African country recorded a 19% growth in public investments in the first nine months of FY18/19, reaching EGP 310 billion, including EGP 90 billion, Egypt’s planning minister Hala El Sayed stated.
El Sayed added that the government was aiming at cutting the unemployment rate to 9.1% in the coming fiscal year, add 100,000 jobs annually.
Egypt’s free zone exports, including goods and services, recorded $1.09 billion (EGP 18.90 billion) in February.
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday to maintain the current interest rates unchanged during March.
