The Ministry of Planning said that the Corona pandemic has caused the Arab region to incur heavy losses of approximately $ 140 billion during the year 2020.
The Ministry of Planning stated in a recent report that the whole world is in an unprecedented state of challenges in light of the outbreak of the Corona pandemic, whose severity and economic, social and environmental repercussions have surpassed all previous crises, as the pandemic has resulted in the suffering of most countries of the world, and its repercussions have negatively affected the efforts of all countries to achieve Sustainable Development Goals.
The report emphasized that Egypt has implemented many development efforts, foremost of which is the National Program for Economic and Social Reform, which contributed to enhancing the Egyptian economy's resilience in facing the crisis.
The report indicated that Egypt worked to prioritize in light of the pandemic, focusing on investing in human capital and increasing allocations to the health and education sectors, and paying attention to sectors that are resilient and capable of rapid recovery, as well as promising sectors that represent a basic pillar for promoting comprehensive and sustainable growth, such as the telecommunications sectors. Information technology, manufacturing, agriculture, and small and medium enterprises, as well as integrating the informal sector, enhancing financial inclusion, and supporting digitization infrastructure within the framework of enhancing the trend towards digital transformation, expanding new and renewable energy projects, in addition to the transition to the green economy. To achieve 30% of investment projects in the state’s plans for the concepts of environmental sustainability and green economy, so that the percentage will increase to 50% in the next three years.
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