Overview

Prime Minister Hisham Qandil on Tuesday October 9, 2012 inaugurated the Euromoney Conference in Cairo, under the slogan: “Restarting Investment, Sharing the Benefits of Growth”.

The conference brought together different stakeholders in the Egyptian economy; decision-makers, entrepreneurs, experts and bankers.

Prime Minister Qandil gave a speech which included a number of facts related to the situation of the Egyptian economy now and in the future; he asserted that no one can talk about the economy without taking into consideration the circumstances that resulted from the 25 January Revolution.

Qandil said Egypt was committed to free market economy and seeks to achieve a 7% rate of growth within the next 5 years

Egypt is intent on increasing the number of tourists to from 12 to 15 million in the coming period, he added.

"We are negotiating with the IMF. Our people are travelling to Tokyo to attend the joint IMF/World Bank meeting this week," Qandil told the conference.

"The IMF is invited to come for official negotiations by the end of this month. We are hoping to reach an agreement by that time," Qandil said.

Euromoney

Euromoney is a leading world organizer of conferences for cross-borders investment and capital markets; for portfolio and direct investors, financial intermediaries, corporations, governments, banks and financial institutions.

Participants

Prime Minister Hisham Qandil
Minister of Finance Momtaz al-Said
Minister of Investment Osama Saleh
Minister of Industry & Trade Hatem Saleh
Chairman, Egypt Banks Union & Chairman, National Bank of Egypt Tarek Amer
Kareem Hillal, Chairman, Egypt-ASEAN Business Association

Agenda