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Amr Moussa: Economy needs $100 billion to recover

Wednesday, February 13, 2013 10:56 PM 
Egyptian former presidential candidate Amr Moussa speaks at a news conference along with Egyptian political figures about victims of sectarian clashes with soldiers and riot police at a protest against an attack on a church in southern Egypt at El Sawy Culture Wheel in Cairo October 10, 2011. REUTERS/Mohamed Abd El-Ghany

Egypt’s economy requires $100 billion to recover, $12 of which are needed immediately, Amr Moussa, head of the Conference Party and member of the National Salvation Front said on Wednesday.

In a speech he gave at the Arab and International Relations Council Conference held in Kuwait, Moussa renewed his demand to hold an international conference that aims at aiding Egypt’s economy, the Middle East News Agency reported.

Moussa hoped that the Gulf Cooperation Council, the Association of Southeast Asian Nations, the World Bank, the International Monetary Fund, the European Union, the Americas and African nations will participate in the conference.

“Egypt has the energy, the opportunities, and the capacity to succeed and excel to once more return to its normal status as a leading nation in the region,” Moussa stated.

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