Major investments to be injected to stimulate economy, maintain balanced monetary policy: Prime Minister

Mostafa Madbouly, Egypt’s Prime Minister, confirmed that the Egyptian government has faced many challenges during the COVID-19 crisis, and was able to make achievements by adopting a proactive methodology in dealing with the pandemic and limiting its health, social and economic repercussions.

The emergency financial package for the Egyptian economy, which President Abdel Fattah Al-Sisi had ordered, amounting to EGP 100bn, equivalent to 2% of the gross domestic product (GDP), has been spent efficiently, according to Madbouly.

He said, in his speech during the Akhbar Al-Youm economic conference, delivered on his behalf by Finance Minister Mohamed Maait, that the government is determined to continue stimulating the economy and pump large investments in various sectors, in addition to maintaining balanced fiscal and monetary policies, and continuing structural reforms.

Read More:https://dailynewsegypt.com/2020/12/20/major-investments-to-be-injected-to-stimulate-economy-maintain-balanced-monetary-policy-prime-minister/