Egypt Economic Development Conference March 2015
Egypt launches 2030 development strategy
Sunday، 15 March 2015 12:00 AM
The Egyptian government launched on Saturday 14/3/2015 the "sustainable development strategy .. Egypt's vision 2030" on the sidelines of the international economic conference in Sharm el Sheikh.
The strategy targets three main goals, namely; economic development, competitiveness of markets and human capital.
Under the new strategy, the government will be committed to achieving a growth rate of seven percent, increasing investment rates, raising the contribution of services to GDP to about seven percent, increasing exports and reducing unemployment rates to about five percent.
Through the 2030 strategy, the Egyptian government seeks to maximize the use of local energy sources - traditional or renewable - and the development of the productive capacity of the energy sector to be more effective in boosting the economy and adapt to the ever growing changes in the field of energy.
The strategy also aims to promote human resources through two main axes; education and health, so that Egypt becomes one of the top 30 countries in the quality of basic education indicator as well as bringing the illiteracy rate to the default zero, and the ratio of total enrollment for kindergarten children (4-6 years) to 80 percent.
It also seeks placing 10 Egyptian universities on the list of the top 500 universities in the world.
The strategy includes reducing the mortality rate of newborns, infants and children under 5 years old by 50 percent and reducing the maternal mortality rate by 60 percent.
It also includes fair access to the basic health interventions for all citizens by up to 80 percent, and ensuring 100 percent coverage of vaccinations nationwide.
Under the strategy, the government pledged to adopt a more effective administrative system by increasing services provided by non-governmental organizations by 10 percent annually.
It also stipulates placing Egypt among top 40 countries in reducing waste in government spending, and to be among the top 20 least corrupt countries in the world.
The strategy also includes major reforms in the fields of telecommunications and information technology, industry and investment, women empowerment and gender equality, in addition to legislative and institutional reforms.