Egypt aims to achieve a positive annual economic growth rate of 7% over three years, Prime Minister Mostafa Madbouly said.
During the launching ceremony for the United Nations Development Programme’s (UNDP) report on human development in Egypt for 2021 on Tuesday, Madoubly stated that Egypt has been one of the few countries around the world to achieve a positive growth rate of 3.3% with a gross domestic product (GDP) exceeding $408 billion by the end of fiscal year (FY) 2020/2021, according to state-run TV.
The report has been launched after a 10-year hiatus which proves that the country has overcome several major economic, security, and political challenges, Madbouly added.
Egypt has adopted an economic reform programme to attract more investments and create jobs, along with implementing social programmes such as Takaful and Karama which started with 6 million citizens and now has about 15 million beneficiaries, totalling 3.8 million families, the prime minister noted.
Investments have reached EGP 56 billion in education and EGP 54 billion in the health sector, compared to EGP 2.7 billion in 2013.
Moreover, the government has launched the Haya Karima (A Decent Life) initiative to improve the lives of 58 citizens.
