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Deputy PM Urges African Vision Toward Global Economic Crises

Source: www.export-egypt.com 10/31/2011, Location: Africa

Africa was the continent most affected by the global financial crises although it had nothing to do with their causes, said Deputy Prime Minister and Finance Minister Hazem el-Biblawi. The global financial crisis had a huge impact on the African continent with the decline of investments and exports, Biblawi said while chairing the sixth meeting of African finance ministers and central bank governors in Cairo.

Egypt, as part of the continent, was affected by the world crises, he said, adding that in order to overcome this problem, more cooperation among African States is needed, especially in the trade and investment fields. He called for crystallizing an African vision toward common files to be tackled with the G-20.

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