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AfricaApril 10 2020

Egypt’s minister of planning looks to steady the ship

Egypt’s minister of planning and economic development, Hala El Saeed, talks to John Everington about stabilising the economy and attracting foreign investment.
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Q: What have been the highlights of Egypt’s recent economic development strategy?

A: Egypt has embarked upon an ambitious and challenging homegrown economic programme since 2016. The objectives of this programme were to adjust imbalances in the Egyptian economy and unsustainable fiscal businesses, while at the same time achieving macroeconomic stability for sustainable and inclusive economic growth. We have undertaken a set of targets [as part of the Egypt 2030 initiative] and the Egypt 2030 development agenda is aligned with [the UN’s Sustainable Development Goals 2030 target] and [the African Union’s] Africa Agenda 2063.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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