27 May 2022 04:33 PM

Finance Minister: Egypt adopted preemptive, flexible policy to face Covid-19

Saturday، 02 January 2021 - 11:01 PM

Finance Minister Mohamed Maait has said the government has efficiently managed to handle the novel coronavirus crisis, receiving acclaim by international credit rating and financing institutions.

Egypt has adopted a preemptive and flexible policy aiming to achieve balance between offering health care to citizens and keeping production wheel running, taking into consideration the precautionary measures, Maait said.

The minister reviewed a report on the economic and financial measures taken by the State under its wise political leadership to face repercussions of the coronavirus pandemic.

The IMF said Egypt is among the best countries in spending economic aid package, as it focused on boosting health priorities, protecting the most vulnerable categories, and backing several affected sectors, he noted.

Maait said President Abdel Fattah El Sisi, since the beginning of the pandemic, has ordered allocating a sum of EGP 100 billion for financing the State's plan to combat Covid-19 and ease the burden on citizens.

With the start of the second coronavirus wave, Sisi ordered increasing the financial assistance package to overcome the negative impact of this global pandemic, the minister added.

MENA

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