Egypt is boosting economic growth rates, women’s role: El-Mashat

Egypt’s Minister of International Cooperation Rania El-Mashat said that Egypt is working on pushing economic growth rates through structural reforms across all sectors after finalising the required fiscal and monetary policies that targeted dealing with its economic distortions.

El-Mashat’s statements came during her participation in the World Economic Forum, held currently in Davos.

She said Egypt is eager to further the participation of the private sector in achieving sustainable development as a key engine for Egypt’s economic growth.

The ministry aims to integrate projects funded by the international development partners and private sector investments through enhancing partnerships between the public and private sectors to carry out developmental projects, she added.

“The government is focusing on boosting the role of women as key partners in Egypt’s development, which is in line with Egypt’s strategy for women empowerment until 2030 that was launched by President Abdel-Fattah El-Sisi in 2017. This strategy aims to make the Egyptian woman an essential partner in sustainable development in the country, in addition to enabling her economically, politically, and socially”, El-Mashat stated.

She added that the ministry is keen on working with its development partners to raise Egyptian women’s living standards through implementing projects in education, healthcare, social solidarity, and SMEs projects.

El-Mashat asserted that inclusive development is the way to achieve equality and increase job opportunities and young people participation.

On technological advancements, El-Mashat said that technology has introduced several new kinds of jobs. By 2025, the internet will have created more that a million new jobs in the Egyptian market, provided by the non-official sector, she added.