Ambassador Dr. Ahmed Ihab Gamal El-Din, Permanent Representative of Egypt to the United Nations, the World Trade Organization and other international organizations in Geneva, stressed that the Egyptian economy was able to withstand the repercussions of the pandemic thanks to the economic and structural reform process, which the government conducted as of 2016; Egypt to become one of a limited number of countries that succeeded in avoiding an economic depression and achieving positive economic growth rates during the year 2020.
This came during the participation of the Egyptian delegation headed by Gamal El-Din in the work of the 15th Ministerial Conference of UNCTAD, which was held via video conference technology under the title (From inequality and fragility to prosperity for all).
Ambassador Gamal El-Din indicated – in Egypt’s speech during the general discussion sessions of the conference – that the Corona pandemic reflected the overlap between the economic, social and environmental dimensions of development, and the interdependence between what is local and international, stressing the importance of strengthening international cooperation to meet the various challenges facing the world.
The permanent delegate also reviewed the repercussions of the pandemic on the Egyptian economy, and the measures taken by the Egyptian government to confront and mitigate these repercussions and achieve sustainable and comprehensive recovery.
The permanent representative of Egypt stressed the need to strengthen international cooperation and solidarity and multilateral action to achieve recovery from the pandemic, and to give the necessary importance to the issues of financing for development and finding solutions to provide for the financial needs of developing countries, as well as the importance of strengthening the role of UNCTAD and enabling it to continue its role in supporting developing countries.
The article, Egypt’s delegate in Geneva: The Egyptian economy was able to withstand the Corona crisis, thanks to the reform process. It was written in Al Borsa newspaper.