The Minister of Planning, Follow-up and Administrative Reform, Dr. Hala Al-Saeed, delivered the prime minister's speech at the Euromoney Egypt 2018 conference on Wednesday. on With the assistance of a number of ministers, economists, business people and researchers from various centers and financial and economic institutions from all over the world.
In his speech, Dr Mustapha Madbouli, Prime Minister, stressed the interest and distinctive participation in this year's conference for representatives of business and investors from inside and outside Egypt, as well as the wide participation of government officials and representatives of international and regional economic and financial affairs. settings. His meetings and events witnessed discussions and interaction by all participants, reflecting their great importance to be Euromoney conferences as one of the largest and most important events on the global financial agenda.
Medbouli said that the Egyptian government is always interested to inform the private sector, civil society and international development partners and to involve them in the steps and efforts of the state to advance the economy and achieve a comprehensive and sustainable development. The Euromoney Conference is one of the main events and platforms of this partnership, A quarter of a century in which it deals annually with one of the most important issues in the Egyptian economy and the series of issues this year is rounded off by the issue of achieving "flexibility and speed" in to tackle the economy, which we view as an assessment of our efforts and our economic reforms. From the willingness of the Egyptian economy and its ability to attract and adjust investments to global economic and financial developments.
Medbouli informed the public about the major efforts Egypt has made over the last four years to bring about economic reforms to achieve economic, social and environmental development, given the many challenges and challenges facing the Egyptian economy since 2011. has reduced performance and economic indicators. The decline in the balance of payments, the decline in the monetary reserve to the lowest level, in addition to the regional and international political and economic changes, the events taking place in the Arab region and the neighboring countries of Egypt, the seriousness of the challenges and difficulties the Egyptian economy increased.
Medbouli added that the Egyptian state has developed a comprehensive strategy for development, the "Sustainable development strategy: Egypt Vision 2030", which was introduced by the government in February 2016 as a framework for organizing the work program. the coming years. With the gradual development programs and plans that include the economic and social reform program, which the government began to implement in November 2016. The Egyptian government implemented various reforms and measures to achieve comprehensive and sustainable growth and increase capacity. Competitiveness and investor confidence in the Egyptian economy and stimulation of economic growth led by the private sector: these measures and reforms were based on the reform of the existing legislative and institutional system by issuing a package of laws and legislations to improve efficiency to improve institutions and create the business environment through the issuance of new service legislation. The issuance of the Industrial Licensing Law, the issuance of the new investment law, the bankruptcy legislation or the exit of the market, with the aim of simplifying the procedures for setting up projects and creating an environment company Stimulate domestic and foreign investment, as well as support and encouragement for small and medium-sized enterprises Setting up A system that coordinates all government institutions to give a strong impetus to this vital sector, adding that it is one of the measures and reforms to create the necessary infrastructure for the development process by intensifying investments in infrastructure projects, the most important of which is the project of the National Road Network and energy projects is by expanding new projects And the development of the Suez Canal axis, and the establishment of industrial zones and new cities, including the establishment of the new administrative capital and other national projects with economic and social impact.
Medbouli realized that he was aware of the importance of the Egyptian government to implement administrative reforms as a necessity to increase the efficiency of institutions and create an environment conducive to local investment And foreigner As part of the Egypt 2030 vision, the Egyptian government implements a comprehensive plan for administrative reform by the Ministry of Planning, Follow-up and Administrative Reform in collaboration with various Egyptian authorities. , Institutional development, training and capacity building in which a training plan for leadership has been initiated, new personnel departments, internal audit and audit departments have started, and the government's administrative reform plan includes improving and automating government services To meet the needs and satisfaction of the to reach citizens.
He stressed that despite the difficult challenges, we are already starting to pay off and the initial positive results of the reforms and efforts that have been made in recent times, the most important is that the Egyptian economy achieved the highest annual growth in ten years, 5.3% during the tax year 17/2018. In all economic sectors.