Go Finance Reporting - Egyptian President Hosni Mubarak expressed Pyramid domestic growth target will reach an average of eight percent in the next five years through the introduction of economic reform programs.
"In the future, we must complete the implementation of the reform agenda," he said in a speech in front of the Egyptian parliament, was quoted as saying by AFP on Monday (12/20/2010).
According to him, to achieve these targets, the government would prioritize the reduction of unemployment by creating jobs.
The target average economic growth of eight percent in the next five years are up compared to the target of economic growth in the current fiscal year which amounted to six percent.
"The policy of our economic reforms have given new vigor to our economy. We have been able to overcome two consecutive world crisis with our own resources without creating a confused move our economy," he said.
Egypt is already won praise from world economic institutions like the World Bank for its economic liberalization measures. However, the gap between the rich and the poor is still quite wide, where 40 percent of Egypt's population of more than 80 million people still live below the poverty line with the World Bank standard of $ 2 per day. (GoFinance)
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