Page 8 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 6
The Egyptian government through adopting a two-phases

Introduction economic reform program seeks to create an appropriate
and attractive climate for investment. The first phase of
economic reform aimed to inspire economic growth,
rebuild international reserves, reduce the budget deficit,
and enhance the role of the private sector.

Through a successful implementation of the first phase of
the program, Egypt managed to overcome the negative
effects of COVID-19 pandemic where the program
strengthened Egypt’s ability to face its economic

repercussions in addition to the negative impacts of the
Russian-Ukrainian crisis that posed high challenges to the
entire world.