25 June 2022 10:02 PM

World faces worst crisis since the 1920s – PM

Monday، 16 May 2022 - 11:10 AM

Prime Minister Mostafa Madbouli said Sunday that Egypt was able to cope with all the unprecedented global crises over the past three years.

“Egypt is not isolated from the world. But, we will also overcome the current crisis, and continue to achieve positive growth rates for the benefit of all the Egyptians during the next stage,” he told a press conference.

“We have developed a plan to enhance the private sector's role, accelerate the localization of industries, reduce public debt and the budget deficit, revitalize the Egyptian Stock Exchange, move forward with social protection measures, and provide basic commodities to citizens,” the premier said.

“As part of the whole world, we are facing the worst global crisis since the 1920s that has left losses of nearly $12 trillion in global GDP so far,” he added.


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