CAIRO: Egypt is committed to the market economy and to providing a suitable atmosphere for investor confidence in Egypt's future, said Hazem al-Beblawy, Egypt's recently appointed Finance Minister. Beblawy did not rule out the possibility of borrowing from the International Monetary Fund (IMF), especially as his predecessor, Samir Radwan, negotiated to obtain a $3 billion loan from the international organization. Cairo later decided not to take the loan. In his message to investors, Beblawy added that the difficulties Egypt faces currently are temporary. He said, "It is the suitable time for investors who have a long-term vision to work for better future."
