In spite of all that is surrounding Egypt, the internal and external challenges, and the huge expenses endured by the state at this tough phase in our history; IMF mission emphasized this week in a statement from Washington that Egypt’s economy is recovering after four years of economic struggles.
Christopher Jarvis, advisor to the Middle East and Asia Department stated that despite unemployment, poverty, budget deficit, and low growth rate, Egypt’s economy is moving for ward .
Christopher said that Egypt faces numerous challenges, and the government did set a group of economic targets, including pushing up growth rate, cutting down inflation rate, and the budget deficit. This is to be paralleled by increasing spending on education, health, infrastructure, and scientific research in accordance with the constitution.
The economic targets also include improving the investment environment, and developing the financial sector.
I do believe that the Egyptians trust in their president’s leadership capabilities, and the military support will speed the process of economic recovery.
Finally, I believe that Arab Gulf support to the Egypt’s economy will undoubtedly contribute to a speedy recovery. At this critical point in our history, I can only call upon Egypt’s masses to keep up their support of their leadership, and wish Egypt a speedy recovery.
