Egypt’s economy is in a bottle neck, said Deputy Prime Minister Hazem al-Beblawy on Monday.
“It will be for a year or so, but it will be tough,” he said, pointing to a shortage in financial resources and a state budget deficit. “We must reduce spending,” he added.
Commenting on Arab banks willing to finance projects in Egypt, Beblawy said: “They talk too much. Let them come, and we’ll see.”
Translated from the Arabic Edition
