Egypt\'s Economic Performance Improving
Performance of the Egyptian economy witnessed a remarkable improvement during the fourth quarter of 2000, reported ArabicNews.com, quoting a report by the cabinet information and decision support center (IDSC).
The report showed an increase in currency supply, in addition to a "remarkable increase" in the Suez Canal revenues.
It added that annual inflation rates went down in November to 2.4 percent, compared to 2.5 percent in 1999.
"The total fiscal deposits in banks rose to 272 billion Egyptian pounds, compared to 266.7 billion pounds in 1999," the report added.
The Egyptian economy is heading towards a greater liberalization, but constraints still remain.
The government is demanding a greater role for the private sector in development, while the latter is seeking a relaxation in laws and in the general investment environment.
Some groups have already benefited from economic reform, mainly private sector enterprises or those employed in foreign companies, but many more have not, according to press reports -- Albawaba.com