Dr.
The European War and its intricate effects are most felt by emerging economies and developing nations, according to Mohamed Moait, Minister of Finance; where the successive crises, from the Korona pandemic to the Ukrainian crisis, caused a severe global inflationary wave that increased the cost of fuel and basic necessities; where the disorder of supply and supply chains, as well as the rise in financing costs, have resulted in a reduction in comprehensive and sustainable development efforts in various countries, which calls for the exchange of ideas, visions, and experiences to reach flexible solutions; To increase output and reach African economic and development goals
The European War and its intricate effects are most felt by emerging economies and developing nations, according to Mohamed Moait, Minister of Finance; where the successive crises, from the Korona pandemic to the Ukrainian crisis, caused a severe global inflationary wave that increased the cost of fuel and basic necessities; where the disorder of supply and supply chains, as well as the rise in financing costs, have resulted in a reduction in comprehensive and sustainable development efforts in various countries, which calls for the exchange of ideas, visions, and experiences to reach flexible solutions; To increase output and reach African economic and development goals
The Minister emphasised the importance of achieving African food security, which has emerged as an urgent continental priority. This requires the best possible exploitation of the continent’s resources, an increase in agricultural and industrial production that supports meeting our needs, the formation of African supply chains that transform our continent into a “food basket” that exports its products to all nations of the world, and the development of a flexible mechanism for the continent’s trade.
The minister explained that, as a result of the flawless execution of the economic reform programme that the state has pursued over the past years, in a way that enabled us to achieve financial savings to take pre-emptive measures to adapt to the effects of global crises, and as the Egyptian government initially adopted a number of initiatives and pr
In addition to enhancing the salary and pension structures, 1 million families in the first categories of care for a six-month period.
Moait: Investing 135 billion pounds in social safety net initiatives
About Author
