Dr. Hala Al-Saeed, Minister of Planning and Economic Development, said that the reform efforts and the diversity of sectors that characterize the Egyptian economy contributed to making the Egyptian economy become more flexible and able to absorb external economic shocks, including the increasing regional dangers and the emerging Coronavirus (known also as COVID-19) crisis.
The minister noted that the repercussions of global crises and the current geopolitical events on the economic situation in Egypt and the world.
This came during her speech delivered on her behalf by Dr. Ahmed Kamali, Deputy Minister of Planning, at the opening session of the annual conference of the Faculty of Economics and Political Science at Cairo University, entitled “The New Egyptian State and Sustainable Development: Opportunities and Challenges”,
Al-Saeed pointed to the main features of the sustainable development plan for the fiscal year 22/23, which was developed based on indicators of the performance of the Egyptian economy during the second half of 2021 and the first quarter of 2022,
The plan highlights Egypt’s keenness to adopt government initiatives that support sustainable green growth so that its investments constitute 40% of the total public investments in the year of the plan, compared to 30% at the present, with a target to reach 50% by 24/2025.