FILE- Planning Minister Hala el-Saeed
CAIRO - 5 May 2018: Planning, Follow-Up and Administrative Reform Minister Hala el-Saeed said the government adopted a comprehensive program for economic and social reform, based on the 2030 Egypt vision.
The program mainly focuses on restoring confidence in the Egyptian economy through liberating exchange rates, improving the status of the balance of payments, increasing reserves of foreign currency, reducing deficit in the State budget and promoting investment and economic growth, she said in her address on Saturday at an international conference for manufacturing and sustainable development.
She said the Egyptian economy achieved a growth rate that exceeded 5.2 percent during the first half of the fiscal year 2017/2018.
In its lowest rate, employment has decreased to 11.3 percent, she said, adding that the inflation rate also was reduced to 13.1 percent in March, 2018