Planning
Egypt's GDP growth rate rose significantly to 4.3 percent during the second quarter of fiscal year 2024/25, compared to 2.3 percent in the corresponding quarter of the previous fiscal year.
Egyptian Minister of Planning, Economic Development and International Cooperation Rania el Mashat said that 42 percent of the public investments of the plan of the current fiscal year is spent on human and social development which includes sector of education.
The meeting is the first since the merger of the ministries of planning and international cooperation.
Deputy Minister of Planning and Economic Development Ahmed Kamaly made the statement Wednesday at the plenary session of the House of Representatives.
She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.
The transformation is scheduled to be over by the end of 2025.
The strategy will help spare 10 million children the risk of not reaching their full potential.
Minister of Planning and Economic Development Hala el Saaed arrived in the New Valley governorate on Tuesday to inspect and inaugurate a number of development projects.
The project was inaugurated Thursday by Prime Minister Mostafa Madbouli, as four out of five schools within the first phase have begun operation in the current academic year.
During the meeting, the minister presented progress on the country program’s five pillars.
Heydemann pointed out that the planned step would result in better serving customers.
The minister underscored that the average growth rate in 2021 recorded 7.1 percent.
The Sovereign Fund of Egypt (TSFE) made the announcement Wednesday.
The initiative was launched in 2021 and is estimated to be completed in 2025.
The report indicated that the budget spent until Decent Life's launching in 2021 amounted to LE 100 billion.
The state aimed to reduce the travel of Egyptian students to study abroad, to attract students from outside Egypt, and to enrich the integration between state institutions.
In addition, a mechanism is being devised to fund developmental projects in governorates by identifying developmental gaps in each, Said revealed.
Minister of Planning and Economic Development Hala al-Said was addressing the House of Representatives Monday.
The Ministry of Planning and Economic Development indicated in a statement Thursday.
Egyptian Minister of Planning and Economic Development Hala el Saeed highlighted Tuesday the importance of the role of the private sector as a "key partner in the development process" in Egypt.
