Prime Minister: The state will exit from some sectors to make room for the private sector

Mustafa Madbouly, the Prime Minister, said during his speech at the opening session of the annual meetings of the Islamic Development Bank Group 2022, which will be held under the auspices of President Abdel Fattah El-Sisi, President of the Republic, in Sharm El-Sheikh during the period between 1 and 4 June 2022 under the slogan “After recovering from the pandemic.” “Resilience and Sustainability”, the state will exit from some economic sectors to make room for the private sector.

He pointed out that Egypt launched a series of national projects and stimulated the private sector through a diverse package, explaining that the Egyptian economy faced the Corona pandemic thanks to the Egyptian economic reform program.

He explained that there are many economic and environmental variables facing the countries of the world, which require raising the rate of sustainable growth, raising productivity, enhancing competitiveness and improving education and health services, calling on the Bank Group to continue its efforts to cooperate with financing institutions to provide the necessary financing to meet the challenges.

Mustafa Madbouly, the Prime Minister, during his speech at the opening session of the annual meetings of the Islamic Development Bank Group 2022, which will be held under the auspices of President Abdel Fattah El-Sisi, President of the Republic, in Sharm El-Sheikh during the period between June 1 and 4, 2022 under the slogan “After recovering from the pandemic.” “Resilience and Sustainability”, Greetings from President Abdel Fattah El-Sisi, for attending the Islamic Bank conferences.

The Prime Minister said that the world is facing an exceptional circumstance with the Corona pandemic, explaining that the meetings of the Islamic Bank come under exceptional circumstances, saying, “We are facing a complex and highly complex global economic crisis.”

Prime Minister Mostafa Madbouly visited the private sector exhibition on the sidelines of the meetings of the Islamic Development Bank Group.

Dr. Mostafa Madbouly, Prime Minister, during his visit to Sharm El-Sheikh, inspected the development projects that are being implemented in the city, as part of the ongoing preparations to host the 27th Conference of the Parties to the United Nations Convention on Climate Change “COP 27”, to be held next November.

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