US supports Egypt on its road to economic growth: State Department official

Ahram Online , Monday 23 Oct 2017

The US supports Egypt as it works to achieve its economic growth targets, deputy assistant secretary and coordinator for foreign assistance at the US State Department Richard Albright told Egyptian investment minister Sahar Nasr on Monday.

Albright, who is heading a US delegation currently visiting Cairo, highlighted Egypt-US bilateral cooperation, including the signing of eight MoUs worth $121.6 million last month between Egypt and USAID, including on education, health and investments.

Nasr discussed with Albright Egypt’s economic reform programme and efforts to improve the investment climate, including a new investment law issued in May.

The new investment law’s executive regulations are expected to be issued this week.

The two officials also discussed the Egyptian-American Enterprise Fund’s investments to support SMEs.

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