Last Update 22:20
Saturday, 24 June 2017

Egypt's Sisi to focus on economy in trip to Washington: FM Shoukry

The Egyptian president is set to meet with Trump on Monday

Ahram Online , Sunday 2 Apr 2017
Sisi Trump
A file photo of Egypt's President Abdel Fattah El-Sisi and then-presidential candidate Donald Trump in September during the UNGA meetings in New York, United States, September 2016. (Photo: Egyptian Presidency)
Share/Bookmark
Views: 2337
Share/Bookmark
Views: 2337

President Abdel-Fattah El-Sisi will focus on Egypt's economy during his trip to Washington, Foreign Minister Sameh Shoukry said in a televised interview Sunday.

El-Sisi will meet with several key decision makers during his visit and will give a talk at the American Chamber of Commerce. Communication is, in addition, ongoing with major companies in the US, Shoukry added.

The US is economically capable of supporting the Egyptian economy by increasing direct investment, Shoukry stated.

El-Sisi arrived to Washington Saturday for a five-day visit that will include talks with President Donald Trump.

Egypt has recently introduced a number of fiscal reforms, including subsidy cuts and the introduction of new taxes, aimed at stemming a growing budget deficit. Last November, the Egyptian Central Bank freely floated the Egyptian pound with the aim of alleviating a dollar shortage and attracting foreign investors.

President Donald Trump's administration had announced its support to Egypt's economic reform plan as well as his approach to counterterrorism.

Last Friday, a senior White House official told Reuters that Trump will seek to rebuild the US relationship with Egypt at the meeting planned Monday with El-Sisi.

The relationship between Egypt and the US was strained after former President Barack Obama criticised the ouster of the Muslim Brotherhood's Mohamed Morsi in July 2013.

The US froze military aid to the country in October of 2013 but resumed it in March 2015.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

Latest

© 2010 Ahram Online.