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Posted by bears123 on October 15th, 2018

CAIRO Jordan Howard Jersey , Sept. 14 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi said on Thursday that the ongoing economic reforms put his country's economy on the right track and gained world confidence in the Egyptian economy.

Sisi's remarks came during his opening speech at the ninth international conference on financial inclusion held at Egypt's Red Sea resort city of Sharm El-Sheikh.

"The results of the earnest reform policies adopted by Egypt are reflected by the world's increasing confidence that we are moving steadily on the right track," the Egyptian president said.

Sisi said that Egypt's hosting the international conference reflects the world's growing confidence in Egyptian economy, stressing that Egypt is fighting terrorism with pride and has achieved progress.

Egypt has been suffering economic recession due to political instability and relevant security issues following two uprisings that toppled two heads of state since 2011. The turmoil led to a decline in the country's foreign currency reserves, foreign investments and tourism revenues.

The country started last year a strict three-year economic reform program including full currency floating to tackle dollar shortage Walter Payton Jersey , in addition to austerity measures, fuel subsidy cuts and tax increases.