Egypt’s President Abdel-Fattah El-Sisi has assured that despite the severity of the economic repercussions of the coronavirus pandemic, the Egyptian economy has demonstrated a resilience that helped sustain its positive growth rates.
“This was possible in light of the structural economic reform programme that Egypt adopted over the last few years, achieving significant successes in a short period,” he added.
El-Sisi highlighted the “positive” impact of the programme on development efforts and enhancing the government’s ability to effectively intervene by introducing stimulus packages for key economic sectors, as well as providing support for the most vulnerable segments of the society.
El-Sisi’s remarks were made in a televised speech he delivered on Tuesday on the 60th anniversary of the establishment of the Organisation for Economic Co-operation and Development (OECD).
President El-Sisi expressed Egypt’s deep appreciation for the prominent role the OECD plays at the bilateral level with Egypt, and for its contributions to formulating economic and development policies at the international level to implement better policies for a better life.
“On behalf of the Egyptian people, it is my pleasure to congratulate you and all the member states of your reputable organisation on the 60th anniversary of the establishment of the OECD,” El-Sisi said in his speech.
He added that the organisation “has significantly contributed to the development of standards and the formulation of economic and development policies capable of achieving the slogan agreed upon by its member states: Better Policies for Better Life.”
