Egypt has strong strategy in dealing with COVID-19: Al-Mashat

CAIRO – 29 April 2020: The Egyptian government has a strong strategy to deal with the COVID-19 crisis, which is the crisis that needs to combine all international efforts to confront it, Minister of International Cooperation Rania Al-Mashat said Wednesday.

This came during a webinar organized by the American Chamber of Commerce and the Egyptian-American Joint Business Council today in the video, that was titled "The COVID-19 pandemic: Corona virus is an imminent opportunity for multilateralism."

The Minister affirmed that Egypt has taken early steps to counter the spread of coronavirus, as President Abdel Fatah El-Sisi decided to allocate LE 100 billion to finance the comprehensive plan to confront the negative effects caused by the emerging virus on the social and economic level, and the Ministry of Health took several steps to counter the spread of the virus, and the central bank took several measures, including reducing the interest rate by 3 percent.

Al-Masat reviewed several efforts to confront the crisis, its stages of development and the role played by the Ministry of Health in this regard.

The Minister of International Cooperation pointed out the importance of having global solutions to the crisis, pointing out that Egypt has dealt with it with regard to health and with regard to education through distance education.

She also reviewed the economic indicators related to the ability of the Egyptian economy and its dealing with the crisis, especially the sources of foreign exchange flow, whether from tourism or the Suez Canal or the remittances of Egyptians from abroad, and the extent of all this being affected by the crisis.

The American Chamber of Commerce organizes monthly and annual meetings on many economic issues and has resorted to dealing through virtual meetings as a precautionary measure against the Corona virus.