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World Bank satisfied with Egypt's economic reform measures
www.chinaview.cn 2004-11-27 22:46:19

    CAIRO, Nov. 27 (Xinhuanet) -- An official of the World Bank said on Sunday that the major financial organization is satisfied with economic reforms initiated by the Egyptian government.

    Mahmoud Ayoub, the head of the bank's Egypt Department, who will leave for Washington after having ended his term in office, said ina statement that the bank fully supports Egypt's economic measures,especially those related to attracting investments and enhancing exports as well as slimming down unemployment rate.

    Ayoub revealed that the bank was considering financing three major projects in the fields of ports, irrigation and electricity in Egypt.

    Ayoub's term will end on Nov. 30, and his successor is due in Cairo on Dec. 10. Enditem

    

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