ArabFinance: Egypt registered the highest economic growth rate among the 39 states where the European Bank for Reconstruction and Development (EBRD) operates, the bank’s Managing Director for the Southern and Eastern Mediterranean Region Heike Harmgart said on November 29th.

EBRD looks forward to further cooperation with Egypt, the official stated.

The Arab republic’s finance minister Mohamed Maait recently said the gross domestic product growth of the country is expected to range from 2.8% to 4% during fiscal year 2021/2022.

Harmgart earlier discussed with ArabFinance Egypt’s economic performance compared to its neighboring emerging markets, post-pandemic recovery, the country’s stimulus efforts, and the bank’s economic support.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.