Planning: The structural reforms program prepares the Egyptian economy for the post-Coronavirus era.


Cairo – Mubasher: Hala Al-Saeed, Minister of Planning and Economic Development, said that Egypt is interested in implementing comprehensive reforms at all levels, despite the repercussions that the country has been exposed to as a result of the Corona pandemic, but there are indeed positive results that have been achieved.

This came during her speech, Hala Al-Saeed, in front of a delegation from the Chief Executives Organization CEO Founded in 1958, it is a global community of 2,000 business leaders in 50 countries, according to a press release issued on Saturday.

Al-Saeed pointed out that the measures and initiatives taken by the state to confront the epidemic, explaining that the Egyptian economy has become more resilient in the face of the epidemic, and that Egypt has announced a program of structural reforms that works to shape the Egyptian economy in the post-Corona pandemic stage.

Al-Saeed explained that these initiatives include the first phase of the Egyptian economic and social reform program launched by the government in 2016, which comes within the framework of achieving the goals of Egypt’s Vision 2030, and in line with the goals of Africa’s Agenda 2063.

On Egypt’s Vision 2030, Al-Saeed said that it was carried out in a participatory manner, stressing that its goal is to present the country’s long-term strategic plan to achieve the principles and goals of sustainable development and solve widespread issues in the country not only at the present time, but in the long term.

The Minister indicated that Egypt’s Vision 2030 is based on the principles of “comprehensive sustainable development” and “balanced regional development”, and reflects the three dimensions of sustainable economic, social and environmental development.

She added that there is huge potential for both Egyptian and foreign investors and the private sector to support Egypt to achieve its ambitious vision, stressing that improving the infrastructure pillar is one of the main efforts of Egypt’s Vision 2030 to stimulate the private sector, and that the presence of high-quality infrastructure is also one of the most important sub-indicators of the competitiveness report. Globalism.

Al-Saeed stressed that the success in implementing a national economic reform program led to an increase in the strength and flexibility of the economy, which allowed Egypt to become a larger player in the global trade system, and provided the opportunity to benefit from global growth, not just local growth.

With regard to the Corona crisis, the Minister of Planning indicated that economic reforms have contributed to confronting external shocks and negative effects resulting from the pandemic, and enhancing the state’s ability to create opportunities within the framework of a new global economy whose features were formed in the context of that crisis, associated with unprecedented challenges and opportunities. International.

She stated that the Egyptian economy has proven its resilience in the face of external shocks thanks to the adoption of well-coordinated fiscal and monetary policies and a set of well-studied institutional and legislative reforms, as well as the implementation of many proactive policies to confront the crisis. The minister stressed that Egypt has become one of the few countries in the world capable of achieving positive growth in 2020, reaching 3.6 percent.


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