CAIRO Josh Jackson Jersey , Oct. 3 (Xinhua) -- A recent decision of the European Bank for Reconstruction and Development (EBRD) to grant Egypt the status of "country of operations" is a recognition that the North African country has achieved good steps towards political and economic transition, according to economic experts.
The EBRD board of directors has decided unanimously to turn Egypt into a country of operations with the abstention of only one country's vote, Turkey, on Wednesday.
"The bank decision is a certification of successful Egypt's economic and political transition," said Ambassador Gamal Bayoumy, Secretary General of the Egyptian European Association Agreement at the Ministry of International Cooperation.
The decision mirrors improvement in Egypt's reputation and image especially regarding anti-corruption laws Jaire Alexander Jersey , economic reforms and the political situation as the country will witness soon the first parliamentary elections since the June 30 uprising, which toppled Islamist rule, Bayoumy told Xinhua.
The presidency in a statement said the EBRD approval of turning Egypt into a country of operations is an international recognition of Egypt's sound political and economic
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28.06.2019 07:32
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