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المصري اليوم
Mohamed Meit Explains Citizens' Economic Concerns
Mohamed Mait, the former Minister of Finance and the Executive Director of the International Monetary Fund, revealed that improvements in Egypt's macroeconomic indicators do not quickly or directly translate into better daily lives for citizens. He explained that external factors such as fluctuations in energy prices and regional conflicts hinder the immediate impact of economic improvements on living standards, especially with ongoing inflation and rising borrowing costs. He also pointed out that reducing inflation to around 10% could save approximately 750 billion Egyptian pounds annually, an amount that could be invested in improving public services and wages. He emphasized that economic stability and sustainable growth at 5.1% are essential for creating job opportunities and enhancing living standards.
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