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Egypt's Economic Recovery Update
During his participation in the meetings of the International Monetary Fund and the World Bank, the Egyptian Minister of Planning and Economic Development focused on indicators of Egypt's economic recovery. He explained that the economy experienced a noticeable improvement by the end of the previous fiscal year as a result of structural and geopolitical reforms. He emphasized the implementation of the "National Economic Transformation Program" to strengthen financial stability and sustainable growth through increased investment and production, with a focus on developing a financing guarantee mechanism for infrastructure projects in partnership with the World Bank Group to reduce investment risks and encourage long-term funding in sectors such as water, energy, renewable energy, and green transportation. He also discussed global issues like food security challenges, Egypt's investment in skill development and linking education to the labor market, as well as strengthening relations with financial institutions to stimulate financing and expand regional trade exchanges.
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