Skip to content
Subscriber Only

Egypt Vows to Boost Private Sector Growth in New Economic Plan

General Economy And Political Posters Ahead Of Egypt Election
Photographer: Sima Diab/Bloomberg

Egypt’s government said it was going to focus on boosting private sector growth, increasing exports and accelerating the digitization of the economy, as it outlined a three-year structural reform plan key to helping overcome the impact of the coronavirus pandemic.

The initiative announced Tuesday builds on a broader economic program launched in 2016 that helped curb a crippling dollar crunch and revive investor confidence as Egypt struggled to rebound after the 2011 uprising against President Hosni Mubarak. The coronavirus pandemic has threatened to undercut some of those gains.