If the coronavirus (COVID-19) crisis had occurred in 2016, before the start of Egypt's economic reform programme, the economy would have faced extreme stress, according to Minister of Planning Hala El-Said.
El-Said's statement came during an AmCham webinar on Tuesday, entitled 'A new Reality: Paving the Way Forward Post COVID-19'.
The minister highlighted that Egypt has had time to significantly strengthen its economic position against the global health crisis, due to the economic reform programme that was started in 2016.
El-Said added the government's objectives in its economic measures to mitigate the virus' impact are to support vulnerable groups. A total of EGP 100bn has been allocated under a comprehensive healthcare crisis plan to support economic activity, raise purchasing power and boost domestic demand.