Egypt’s economic growth is expected to exceed 4% ‘easily’ in the fiscal year 2014/2015, thanks to improved confidence in the economy, in addition to gains from oil slum, said Finance Minister Hani Kadri Dimian on Friday.

In an interview with Reuters on the sidelines of World Economic Forum in Davos, the minister added that deficit in the current fiscal year would decline to between 10-10.5% of GDP compared with 12.5-12.6% in 2013/2014.

The Egyptian government is expected to issue international bonds worth $1.5 billion in the upcoming three or four months, according to the minister.

Egypt’s President Abdel Fattah El-Sisi said the government is seeking strongly to introduce laws that ensure equal opportunities for investors.

Speaking on the sidelines of the WEF annual meeting, El-Sisi added that the Egyptian government is working on removing obstacles facing the private sector that is seen as key factor for development.

Egypt is carrying out mega national projects that will provide many investment opportunities such as the New Suez Canal, the President said.

He also stressed Egypt’s keenness on strengthening confidence in its economy with the aim of achieving strong returns, adding that the government seeks to bring out institutional reform to face corruption.