Finance Minister Hany Kadry Demian (Photo: Al-Ahram)
Egypt's economic summit was postponed to mid March after being originally scheduled for 21-22 February as the date coincides with Chinese New Year, finance minister, Hany Qadry, announced on Saturday.
The summit which was first called for by Saudi Arabia following the ouster of former president Mohamed Morsi in July of last year aims to encourage international companies and organisations to invest in Egypt's development.
The Chinese festival falls on 19 February.
A consultancy firm hired by the government to organise the summit, "advised against holding the Summit around Chinese celebrations due to the importance of their investments to Egypt," said Qadry.
Qadry also said that the IMF mission is visiting Egypt within the coming week.
Egypt announced last month that it will request an assessment from the IMF of the country’s economic and financial affairs ahead of the summit, known as an Article IV consultation.
Short link: