Wednesday 7 August 2013

Egypt’s interim government aims to revive stalled economy - FT.com

Egypt’s interim government aims to revive stalled economy - FT.com:

"Egypt’s army-backed interim government will introduce a raft of short-term measures aimed at reviving the country’s battered economy, which has been badly scarred by more than two years of political turmoil and was thrown deeper into crisis following last month’s ouster of Mohamed Morsi, the Islamist president.
Ziad Bahaa-Eldin, the deputy prime minister for economic affairs, told the Financial Times that immediate measures would include injecting liquidity into the economy by fast-tracking payments owed by the government to building contractors, restarting stalled projects, expediting critical infrastructure programmes and activating a delayed World Bank employment programme."

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