Egypt’s gov. seeks to up agricultural production by 30% in 2024

Egypt’s gov. seeks to up agricultural production by 30% in 2024

CAIRO - 22 June 2020: Minister of Planning and Economic Development Hala El Saeed said Tuesday the Egyptian government seeks to increase the contribution of the agriculture sector to GDP to reach 12 percent by 2024 and agriculture production 30 percent by 2024. Addressing a high level dialogue on food security in the Middle East region via videoconference, the minister said boosting the agricultural sector would help create new job opportunities and increase the income of junior farmers. The dialogue is being organized by the World Bank within a series of the Annual Meetings of the International Monetary Fund and the World Bank Group. Egypt did not witness food scarcity or shortage in the strategic crops during the Coronavirus period and at the same time it managed to protect food security for low income brackets, said the minister. Egypt has witnessed many major political, economic, and social changes and challenges in recent years,specifically since January 2011 and the consequent accumulation of structural imbalances that the Egyptian economy has suffered from for decades, whether in the real sector, in the financial and monetary sector, or the external sector.