Maait: Geopolitics tensions led to rising cost of living ...Egypt

EGYPT INDEPENDENT - Economy

Finance Minister Mohamed Maait said the ministry is seeking to receive a realistic and analytical vision from international financial institutions and multilateral banks on emerging economies and financial and economic performance indicators for better understanding of extraordinary economic changes worldwide and the development needs of developing countries that are facing several challenges. Such challenges included serious repercussions of a global pandemic and geopolitics tensions, which led to increasing the cost of living due to the price hikes of commodities and services in a very difficult inflation wave and the big reduction in the value of local currencies in developing states, add

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Last updated : 15 October 2023 clock 01:16 PM

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Maait: Geopolitics tensions led to rising cost of living ...Egypt

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