Secretary's Remarks: Egypt's Important Economic Reform Steps
Statement attributable to John Kerry, U.S. Secretary of State:
The Egyptian government took important steps this week as part of its ongoing economic reform program. Liberalizing its foreign exchange system and reducing costly fuel subsidies demonstrates a determination to put the country on the path to economic recovery. The task before them is a challenging one, but it is encouraging that Egyptian leaders are making the difficult decisions needed to move their country towards prosperity.