20 August 2019 01:46 AM

UN official: Egypt's economic reform program achieving good results

Friday، 18 January 2019 - 11:31 AM

United Nations Resident Coordinator and UNDP Resident Representative in Cairo Richard Dictus asserted commitment to a continued strategic cooperation between Egypt and the UN agencies to serve the Egyptian development process.

This took place at a meeting with Minister of Investment and International Cooperation Sahar Nasr and the committee tasked with following up the strategic partnership framework agreement between Egypt and the UN for 2018-2022.

Dictus praised Egypt's experiment in creating successful policies and programs for the development of small and medium-sized enterprises and boosting entrepreneurship, pointing to the good results achieved by the economic reform program adopted by the Egyptian government.

He said that through its cooperation with eight ministries and a number of governmental institutions, the UN was able to offer financial and technical support to over 202,000 small and medium-sized foundations and enterprises in Egypt and contribute to training nearly 94,000 young people in a way which assisted them to have a better chance at getting jobs and improve their livelihoods.

The strategic framework agreement, worth USD 1.2 billion, was signed by Egypt and the UN in March. It is based on four pillars, namely inclusive economic development, social justice, women empowerment, and sustainable management of resources.

As mentioned by the minister, the inclusive economic development in the agreement is based on achieving agreed upon goals of comprehensive and sustainable economic development, job creation, capacity building and training. This would be achieved through using public resources and incentives more effectively, supporting entrepreneurship, creating an environment conducive to sustainable investment, providing access of young people and women to employment opportunities and expansion in the SME sector, Nasr said.

The social justice pillar, she added, would support national efforts to control population growth and ensure access to public services, including social protection services, health, nutrition and education for all, while the women’s empowerment pillar would increase their capacity and participation in leadership positions and in many other economic activities, in addition to enhancing their access to education and manpower, she said.

Finally, the strategy of environmental sustainability and natural resource management emphasizes effective and productive management of Egypt's natural resources and mitigation of environmental and climate change risks. This will be achieved through integrated urban communities; upgrading informal areas, more efficient use of water resources and the use of renewable energies, she added.

MENA

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