Planning Minister Calls for Rallying Efforts to Overcome Global Economic CrisisSource: www.export-egypt.com 6/21/2022, Location: Africa |
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Minister of Planning and Economic Development Hala El Said has called for rallying the efforts of all state institutions to overcome the current global economic crisis, the worst in the world since the world economic crunch.
Addressing a session of the House of Representatives to debate the report of the planning and budget committee on the economic development plan for fiscal year 2022/2023, the minister said that Egypt is part of the world so the global economic recession affected it. She added the Russian-Ukrainian crisis caused fluctuations in the world trade rates which led to a decline in the world commodity and service growth to 5 percent in 2022 against 10.1 percent in 2021. Minister Said pointed out the government managed to provide all basic commodities in markets, a matter that reaffirms its keenness on supporting citizens. She added the government carried out many projects especially in the education, health and water resources domains. |
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