National Economist for Human Rights: Raising Egypt’s credit rating is a step towards strengthening the economy and improving citizens’ lives
Dr. Mohamed Mamdouh, member of the National Council for Human Rights and Chairman of the Economic Rights Committee, praised Fitch Rating Agency’s decision to raise Egypt’s “B-” rating. to “B” B, and it is a step that strengthens the strength and stability of the Egyptian economy.
Mamdouh stressed that this new classification reflects international confidence in the path of economic reform adopted by the Egyptian state and confirms the economy’s ability to Facing current global challenges.
Mamdouh indicated that raising the credit rating will contribute to attracting more foreign investments, which will reflect positively on growth rates and provide opportunities to develop infrastructure and services.< /p>
He added that he supports economic reforms that aim to improve the standard of living and achieve social justice, stressing the importance of continuing work towards enhancing the economic rights of citizens.
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