Egypt’s economy more capable of green recovery
Egypt’s economy has become more capable of green recovery despite the daunting global challenges, affirmed Finance Minister Mohamed Maait.
The national economy has also become stronger to cope with the various external challenges, added the minister on the sidelines of his participation in the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
Egypt seeks to lure more development investments, especially in the green projects, through giving more opportunity to the private sector, so that it has a greater role in economic development, he further said.
The “State Ownership Policy Document” aims to increase the private sector’s contribution to public investments and national output, he went on to say.
The minister, meanwhile, said that the net foreign direct investment (FDI) inflows rose by 71.4% to hit about dlrs 8.9 billion during last fiscal year (FY) 2021-2022.