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El-Garhy to consult with Standard & Poor’s, Moody’s in Washington next week - Daily News Egypt

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El-Garhy to consult with Standard & Poor’s, Moody’s in Washington next week

Minister participates in IMF and World Bank meetings, meets major investment banks to review Egypt’s economic reforms

Finance Minister Amr El-Garhy is set to hold consultations with representatives of the world’s largest credit rating agencies, including Standard & Poor’s and Moody’s, to discuss developments in Egypt’s credit rating.

The finance minister will participate in the spring meetings of the International Monetary Fund (IMF) and the World Bank, which will start on Thursday and continue until 24 April in Washington, DC.

El-Garhy will participate along with Tarek Amer, governor of the Central Bank of Egypt (CBE) in the meeting that will include ministers of finance from other Arab countries and governors of central banks throughout the Middle East. The meeting will be chaired by Christine Lagarde, the head of the IMF. Participants in that meeting will discuss the latest developments of the economic and financial aspects on the regional and global scales.

During his visit, El-Garhy will also meet with major banks and financial and investment institutions to present the structural reforms currently being implemented by Egypt.

Moreover, he will also take part in the meeting of the G7 and meet with international technical assistance offices to discuss ways of cooperating with Egypt on vocational training programmes and technical assistance that Egypt can benefit from.

On the sidelines of meetings with finance ministers, El-Garhy will also meet with a number of Arab and European finance ministers to discuss bilateral relations between Egypt and those countries.

El-Garhy will be accompanied by the deputy minister of finance for fiscal policies and institutional reform, Ahmed Kouchouk, and the deputy minister of finance for tax policies, Amr El-Monayer.

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