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Next economic phase priorities
Dr. Mohamed Al-Shawadfi confirmed that the Egyptian economy is going through a new phase after the conclusion of the International Monetary Fund program. The focus now is on shifting from rescue policies to boosting production, increasing investments, and expanding the role of the private sector. He pointed out that attracting both local and foreign investments more effectively and managing public debt more efficiently are among the most important issues, with an emphasis on increasing growth rates and creating job opportunities for citizens. He also mentioned that the period from 2016 to 2026 is considered a phase of economic rescue, following its deterioration in 2011 and 2012. During this time, Egypt conducted more than 30 negotiation rounds with the IMF and received approximately $28 billion, accompanied by economic reforms aimed at enhancing competitiveness and achieving sustainable growth.
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