Egypt aims for economic diversification, agility: minister

Egypt aims for economic diversification, agility: minister

CAIRO - 14 December 2020: Minister of Planning and Economic Development Hala El-Said participated in a conference entitled "Major Global Transformations: Future Prospects for the Egyptian Economy" organized by the Faculty of Economics and Political Science at Cairo University.

 

In her speech, El-Said  reviewed the development experience of Egypt in recent years and the efforts of the Egyptian state to achieve economic reform, pointing to the great political, economic, and social changes and challenges that Egypt has witnessed and the consequent accumulation of structural imbalances that the Egyptian economy has suffered from for many decades, which negatively affected most macroeconomic indicators, as well as the severity of challenges having increased in light of the political and economic changes, both regionally and internationally, and the outbreak of the Covid-19 pandemic and its associated negative economic and social health effects.

 

El-Said added that the state has set the Egypt Vision 2030 “to represent the national version of the UN goals to achieve sustainable development and the general framework organizing interim plans and programs for work over the coming years.” The government's implementation of many reforms has led to