Egypt reviews international institutions’ positive evaluation of local economy amid COVID-19

The Ministry of Planning and Economic Development on Thursday issued a report that monitors international institutions’ positive evaluation of the performance of the Egyptian economy amid the novel coronavirus (COVID-19) pandemic.

Hala El-Said, Minister of Planning and Economic Development, said that international institutions’ reports reflect that the Egyptian economy is on the right path.

She pointed to the International Monetary Fund’s (IMF) reports that stressed that repercussions of the pandemic have negatively affected the Egyptian economy and the world economy as a whole, however, the economic reforms adopted by the Egyptian government contained these effects and helped the country continue leadership of growth in the region.