The Egyptian Economic Conference 2022 will begin on Sunday at the Al-Massa Hotel in the New Administrative Capital to discuss the state and prospects of Egypt’s economy in the midst of a series of global economic crises. CAIRO – October 22, 2022
The government, under the direction of President Abdel Fattah El-Sisi, arranged the Economic Conference, which will take place from October 23 to 25, and it will feature a big number of economists and intellectuals, according to a statement released by the Cabinet on Saturday.
establishing monetary policies
The three-day conference’s first day will cover a variety of economic policy-related topics and endeavour to explore the opinions and suggestions of experts on the economic measures necessary in light of the present national priorities set forth in Egypt Vision 2030.
According to the announcement, the first day of the conference will cover a number of topics including the local and global effects of the successive economic crises that have affected the world economy.
Given the need to build an economic structure that accomplishes sustainable development, the first day will also be focused with examining changes in the economic structure and economic growth during the past three decades.
enhancing the private sector’s role
According to the release, the sessions will also cover the necessity of giving young people access to suitable employment prospects and expanding the role of the private sector in the economy.
The discussions should lead to the formulation of ideas and strategies that support achieving comprehensive and sustainable rates of economic growth despite the present difficulties brought on by the ongoing global and regional conditions.
The sessions also seek to spot policies and mechanism that should be activated to enhance the role of the private sector, which is an effective partner in the sustainable development efforts, in achieving growth and operation targets.
Making public investments progress
The government will be informed throughout the sessions about the participants’ and experts’ perspectives on the significance of furthering public investments intended to construct infrastructure that is supportive of the business environment and the quality of life of the populace.
The statement continued, “Additionally, the workshops attempt to examine perspectives and proposals regarding priorities of public spending.”
On the first day, participants will discuss monetary policies in light of international developments, as well as the characteristics and scope of the current global inflation issue, and the effects of the Russia-Ukraine crisis on the acceleration of inflation globally.
Participants will also talk about the strategies and actions used by monetary policy makers worldwide to reduce inflation.
The impact of rising interest rates in developed markets on the situation in emerging markets will be discussed during the sessions. Participants will also discuss the efforts and steps the Egyptian government has done to reduce the effects and consequences of the price increase.
participation in an economic conference
In order to facilitate the participation of many stakeholders, the government earlier this month launched a website and a mobile application for the Economic Conference.
Additionally, the government set up a variety of social media accounts for the conference in order to provide real-time updates on all conference-related material.
The economic conference, according to Prime Minister Mostafa Madbouli earlier this month, aims to produce a road plan for the nation’s economy going forward.
400 to 500 representatives of national and international organisations are expected to attend the press conference in Madbouli.
According to the spokesman for the Cabinet, the conference intends to create clear policies and actions to improve the competitiveness and flexibility of the Egyptian economy.
The schedule of the conference includes a number of sessions grouped into three political approaches, including macroeconomic policies, private sector empowerment and the building of a business climate, and the formation of a future road map for the government’s key sectors.
The economic conference will work in tandem with Egypt’s National Dialogue’s economic axis, which aims to find common ground on national goals amongst political and partisan forces.
In light of the current global issues, Egypt’s Economic Conference will begin on Sunday.
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