Minister of Finance Mohammed Maait announced on Sunday that Egypt’s economic performance improved in 2018, adding that the government has exerted efforts to reduce unemployment rates.
After meeting with President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun in Sharm al-Sheikh, Maait said he discussed cooperation opportunities with the AIIB for railway development, modernization of the public bus network, expansion of subway lines and development of the renewable energy sector.
Maait added that they also discussed the results of meetings held between senior level officers in the AIIB and governmental officials in November in Cairo.
Meanwhile, Liqun praised cooperation between the Egyptian government and the AIIB in the fields of sanitary drainage and solar energy, and anticipates extending cooperation into the infrastructure and industrial development sector.
Liqun also urged the Egyptian government to develop the production and industrial sector, aiming to increase the economic growth rates.
Edited translation from Al-Masry Al-Youm