17 January 2021 05:46 AM

Cabinet's IDSC report: Egypt achieved progress in economic, social, environmental fields during 2020

Tuesday، 24 November 2020 - 02:28 PM

The Cabinet's Information and Decision Support Center (IDSC) shared a video, on its official Facebook page, tackling the first part of "Egypt through the Eyes of the World – H1 2020" report.

The video reviewed the most important international indices and reports included in the first part of the 2020 report issue. It addressed Egypt's performance in several economic, social, and environmental fields, which reflects the world's view of Egypt's performance.

This is considered the second issue to be published after the success of the report's first issue in 2019. The later included the key advancements achieved by Egypt in the international indices and reports issued in the same year.

The report states that Egypt achieved, in 2020, a significant progress in variant economic, social, security, and environmental indices. For instance, Cairo ranked 24th globally among the most economically influential cities worldwide according to CEO magazine.

In addition, the United Nations Conference on Trade and Development (UNCTAD) acknowledges Egypt being the top in Africa in terms of attracting foreign direct investments (FDI), and the only country that achieved a strong growth among the five highest countries attracting FDI in 2019.

Given the challenges imposed by the COVID-19 pandemic worldwide, FinBold issued the Coronavirus Research Index. Egypt ranked 9th globally and 1st in Africa and the Arab world; thus, it was ahead of many countries which achieved substantial progress in the medicine field.

The report asserted the Government's keenness on Egypt's position in the global indices and reports, which are formed according to scientific data that facilitate evaluating performance in the economic, social and developmental affairs.

This was crystal clear in "Egypt 2030" Vision; a timeframe was developed for the development's goal along with the assessment and follow-up of Egypt's performance in each index of every objective.

The report indicated that knowing each country's seriousness regarding the implementation of its development plans was considered a solid basis for attracting foreign investments opportunities.

Therefore, countries are concerned with utilizing the said international indices and reports to reinforce their capacity to magnetize investments, improve economy, enhance business environment, and develop the social capacities. Worthy to note, those indices and reports rely on scientific methodologies and quantitative variables.

MENA


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