WASHINGTON - 25 December 2021: Egypt has nearly 200 years of experience in the field of implementing small and medium sized enterprises (SMEs), said Executive Director of the International Monetary Fund (IMF) Mahmoud Mohieddine.
It is important that the positive growth rate to be associated with generating more job opportunities, Mohieddine told ETC TV channel on Friday.
He pointed out that moving the economy forward and creating new job openings will contribute to getting out of the global slowdown and reducing the negative impacts of inflation and price hikes on citizens.
Since 2014, the infrastructure projects, which have been carried out in Egypt in the fields of energy, roads and ports, contributed to creating new jobs, he said.
"Egypt needs the public and private investments in all projects and fields," he stressed.
The best example to achieve this is the Decent Life project, which requires large-scale investments amounting to 800 billion pounds, a large amount of money that exceeds 4 percent of the national income annually, he noted.