INTERVIEW: Egypt’s second wave of reforms should support private sector, reform state-owned enterprises: World Bank’s VP

  • Date: 27-Oct-2020
  • Source: Ahram
  • Sector:Economy
  • Country:Egypt
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INTERVIEW: Egypt’s second wave of reforms should support private sector, reform state-owned enterprises: World Bank’s VP

The World Bank's (WB) latest report on the Middle East and North Africa (MENA) region's economy amid the COVID-19 crisis, released on 19 October, upgraded Egypt's real GDP growth projections to 3.5 percent in 2020, up from 2 percent forecast in April, but down from 5.6 percent attained in 2019.

In an exclusive interview, Vice President of the World Bank Ferid Belhaj spoke to Ahram Online about the reasons behind these improved projections and how Egypt can face the second wave of the pandemic and its associated impacts, especially on the economy.

He also talked about how the dual shock of COVID-19 and the collapse of global oil prices has affected MENA's economy, and how this will contribute to the economic outlook over the coming years.

Ahram Online: