Investment Minister Sahar Nasr and Mohamed Farid, the chairman of the Egyptian Exchange (EGX), met Wednesday with board members of vocational associations to probe means to upgrade financial tools and mechanisms so that the Egyptian money market can cope with reform plans adopted by the government.

The meeting also focused on a future plan to enhance the capital market system. 

Nasr said all executive regulations of laws should be outlined after consultation with vocational associations operating in the market, stressing she is keen on getting feedbacks from the private sector. 

The meeting today is meant to coordinate with the different players in the market about plans to manage the EGX in the coming stage, said Farid. 

Figuring high in the meeting were efforts to encourage medium and long-term investments and improve liquidity ratios in the market, he added. 

The EGX chairman urged board members of the associations to please take into consideration interests of all parties when outlining their proposals.

Source: MENA