Euromoney conference to address future of Egyptian economy in light of IMF deal

The 21st session of Euromoney Egypt Conference 2016 will kick off here later on Monday with the participation of ministers of finance, international cooperation, trade, industry and investment along with more than 1,000 economy officials and experts from various world countries and international financial foundations and corporations.

The two-day conference will review the future of the Egyptian economy after the Egyptian government signed a dlrs 12 billion loan deal with the International Monetary Fund (IMF) in August.

The conference will analyse the importance of the IMF loan, its benefits and the challenges facing Egypt's government and mechanisms to finance the budget deficit. 

The first day of the conference will witness a special session on the role of the banking sector in achieving economic stability, financing investments as well as the legislations of the banking sector as well as its expectations for the year 2017. 

Another session will be allocated for real estate finance, infrastructure, mega projects currently underway in Egypt, revitalizing Egypt’s public land bank as well as new initiatives in mortgage finance.

The conference will also address investment environment investment; Is Egypt really investor friendly?, What do investors (international and domestic) want from Egypt?, how Egypt can bring back foreign investors and what can the public and private sectors do in this regard, the new value added tax and its impact on investors.

Source: MENA