Egypt’s government to hold Int'l conference, Sunday to announce states’ vision towards global economic crisis



Fri, 13 May 2022 - 11:35 GMT


Fri, 13 May 2022 - 11:35 GMT

CAIRO – 13 May 2022:  Egypt’s government, expected to hold on Sunday an international press conference to announce the state's vision to deal with the current global economic crisis, as well as plans and efforts to attract foreign investments.

This comes in implementation of the directives of President Abdel Fattah El Sisi during the Egyptian family Iftar last April.

During the Egyptian Family Iftar held by the president with public figures from different backgrounds in April on the occasion of the Holy Month of Ramadan, Sisi directed the National Youth Conference management, in coordination with all political parties and youth movements, to conduct a political dialogue on the priorities of national actions during the current stage.

Sisi announced several decisions during his speech at the Egyption family Iftar including directing the government to hold a press conference to announce its plan to deal with the current global economic crisis.

Sisi directed the government to enhance all aspects of support provided to wheat farmers in Egypt by increasing the incentives provided to them, whether material or in services, in order to achieve an increase in wheat self-sufficiency.

He noted that the next period will witness huge support for the private sector to play its role in developing the economy, as he [president Sisi] will make sure to provide everything necessary towards achieving this.

Sisi directed the government to announce a program for private sector participation in state-owned assets with a target of $10 billion annually for a period of 4 years.

Sisi directed the government to start offering shares from state-owned companies on EGX.

President Sisi also directed to complete paying off the private debts to number of debtors.

Sisi reactivated the ‘Presidential Pardon Committee’ which was formed as one of the outcomes of the National Youth conference, as it will expand its cooperation with the competent agencies and civil society.







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