Egypt

Interim government agrees stimulus plan


Published

The Daily News Egypt reports that the interim government has agreed on an economic reform plan to achieve 3% growth and reduce the budget deficit by 9%.

The newspaper reports that the plan will run for between six to nine months and will involve “strengthening electricity grids, the completion of 17 road projects to link all the governorates, finishing the construction of 50,000 residential units, reclaiming 32,600 agriculture acres in addition to buying 600 buses for public transportation to work with natural gas which will decrease the energy subsidies granted by the government, along with other projects”.

The full story can be found here.

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