Egypt achieves about 9% semi-annual growth rate

Daily News Egypt
2 Min Read

Minister of Planning and Economic Development Hala El-Said stressed on Tuesday that Egypt achieved during the first half (1H) of FY2021/22 the highest semi-annual growth rate, which amounted to about 9%.

This came in a meeting with President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly.

Presidential Spokesperson Bassam Rady said that El-Said also reviewed the development of economic indicators worldwide in light of the impact of the Russian-Ukrainian conflict.

The minister said that the Egyptian economy is expected to achieve a total growth of 6% by the end of this FY, explaining that last year, the country recorded a semi-annual growth of 1.3% due to the coronavirus pandemic.

Rady added that the meeting also witnessed a review of efforts to develop government services through digitisation.

Furthermore, the president was briefed on the training and capacity-building programmes carried out by the National Institute for Governance and Sustainable Development. Al-Sisi then directed to strengthen these programmes to include all governorates in order to support institutional performance.

In the same context, the president directed to expand the application of the Government Excellence Award to include more sectors and institutions due to its stimulating effect that encourages excellence, develops performance, and spreads a culture of innovation.

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