Developing nations must adapt to withstand global economic shocks, says Egypt’s PM Mostafa Madbouly

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Mon, 2024-02-12 23:18

DUBAI: Egypt is responding to recent global economic turmoil by encouraging private sector investment, exploring new technologies, prioritizing the green transition, and shaking up its governance model, Egyptian Prime Minister Mostafa Madbouly has said.

The Arab world’s most populous country, home to more than 110 million people, has been almost uniquely vulnerable to the economic headwinds of the COVID-19 pandemic, the war in Ukraine, the Israel-Hamas conflict, and the pressures of climate change.

Madbouly said the solution to Egypt’s economic challenges lies in the promotion of ‘sustainable governance’ and ‘visionary and innovative’ policy approaches. (Supplied)
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