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الاقتصادية - CNN

المصدر: الاقتصادية

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Ziad Bahaa El-Din: Ending Egypt’s IMF program is just the beginning of the test; investment is key to addressing the crisis

Ziad Bahaa El-Din: Ending Egypt’s IMF program is just the beginning of the test; investment is key to addressing the crisis

The Egypt program with the International Monetary Fund has concluded, but former Egyptian Deputy Prime Minister Ziad Bahaa El-Din emphasized that Egypt is about to face even greater challenges. He stated that the end of the program does not signify the end of economic reforms but rather calls for a new national vision. He stressed that the responsibility for reforms lies with the state, not the Fund, and that economic stability alone is not sufficient; citizens must feel an improvement in their living standards through higher wages and enhanced purchasing power. He clarified that boosting investment is the main driver of growth, and the state's support for the private sector should aim at fostering competition, not control. He also affirmed that the success of economic reforms requires effective institutions, transparency, and mutual trust between the government and the citizens.

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