Egypt's economy succeeds in dealing with COVID-19 crisis in flexible manner: Sisi

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Wed, 20 Jan 2021 - 11:43 GMT

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Wed, 20 Jan 2021 - 11:43 GMT

President Abdel Fattah El-Sisi in a press conference in 2017- Press photo

President Abdel Fattah El-Sisi in a press conference in 2017- Press photo

CAIRO -20 January 2021: President Abdel Fattah El-Sisi said that despite the severe economic repercussions of the Covid-19 pandemic crisis, the Egyptian economy has succeeded in dealing with it in a flexible manner, thus preserving its ability to continue achieving positive growth rates, in light of the structural economy program that began years ago.

 

According to Sisi, the economic reform program achieved tangible achievements in a short period, which reflected positively on development efforts, and helped the state support the national economy, implement policies to stimulate continued work, and provide a greater margin of support for the most affected groups.

 

He said that 2020 was full of difficult challenges and negative repercussions resulting from COVID-19 crisis which has changed the world.

 

“Despite these difficulties, the crisis has shown an important opportunity to promote digital transformation and develop sustainable development policies that include social, economic and environmental dimensions, thus contributing to achieving a comprehensive recovery as soon as possible,” Sisi pointed.

 

This came during Sisi’s televised speech to the World Organization for Economic Cooperation and Development (OECD) on the occasion of its 60th anniversary.

 

Sisi expressed Egypt's deep appreciation for OECD's prominent role on the bilateral level, along with its contributions to formulating economic policies at the international level.

 

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