Egypt’s Minister of Finance Mohamed Maeet said that the state economic recovery plan being implemented by his ministry upon presidential directives made the economy able to deal with world challenges including COVID-19 and the Russian-Ukrainian crisis.
During a meeting with Abu Dhabi Bank delegation, the minister said the recovery plan helps absorb domestic and foreign shocks, mitigate the repercussions of the unprecedented inflation wave and support the most affected sectors.
He added said the document of the “state ownership policy” includes a national strategy to empower the private sector, deepen its participation in the economic activities, sends a message of assurance to local and foreign investors and increase the trust of international institutions in the Egyptian economy.