US official says committed to bolster private sector investment

Lael Brainard, the US Under Secretary of the Treasury for International Affairs, on an official visit to Egypt, led a roundtable discussion at the US embassy about multilateral commitment to Egyptian progress.

Brainard met with representatives from the Ministry of Finance, young entrepreneurs and prominent members of the business community to discuss what she described as “a set of economic engagements with Egypt’s government as well as encouraging greater investment in the private sector.”

Following a spring of political and social alteration, the Egyptian economy has been rendered a subject of uncertainty. Egypt's Ministry of Finance said 2011/12 deficit was forecast at 10 percent of gross domestic product.