Nasr attributed the rise in Egypt's compet

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CAIRO, Sept. 28 (Xinhua) -- Egypt's sharp rise in globalcompetitiveness ranking is the fruit of its economic reform,Egyptian Minister of Investment and International Cooperation SaharNasr said Thursday.

Addressing the opening session of the Middle East work group oninvestment held in Paris by the Organization for EconomicCooperation and Development (OECD), Nasr said Egypt jumped 15notches in the 2017-2018 Global Competitiveness Report of the WorldEconomic Forum, the Ministry of Investment and InternationalCooperation said in a statement.

Nasr also said that Egypt's ranking in the report'sinfrastructure index climbed by 25 places as a result of PresidentAbdel-Fattah al-Sisi's vision that focuses on building megainfrastructure projects Cheap Wilt Chamberlain Jersey , including the Suez Canal Axis developmentproject and new administrative capital.

Nasr attributed the rise in Egypt's competitiveness, the biggestby Arab countries in the report, to the ongoing economic reform andEgypt's efforts to improve the legislative and institutionalframework of its investment environment.

Over the past years, Egypt has been suffering from an economicrecession due to political instability and security issues that ledto the decline of tourism, foreign currency reserves and foreigninvestment.

The Egyptian government started last year a strict three-yeareconomic reform program Cheap Maurice Cheeks Jersey , including the introduction of a fullcurrency floating to tackle a shortage of foreign reserves, inaddition to implementing austerity measures, fuel subsidy cuts andtax increases.

Egypt's reform program is supported by a 12-billion-U.S. dollarloan from the International Monetary Fund, a third of which hasalready been delivered to Egypt in two tranches in November 2016and July 201. Wholesale Jerseys Free Shipping Cheap Sports Jerseys China Cheap NBA Jerseys Cheap T-shirts Cheap NCAA Jerseys Wholesale Cheap Hats Cheap NHL Shirts Cheap NFL T-shirts Cheap Baseball Shirts Cheap Hoddies China