CAIRO – 8 April 2022: Egypt's Finance Minister Mohamed Maait said Egypt has managed to overcome the fallout of the current international economic crisis linked to the war in Ukraine. The minister underlined his confidence in the strength of the Egyptian economy and its flexibility in dealing with consecutive international challenges since the outbreak of the coronavirus pandemic. He said the Egyptian economy is growing in view of the national projects being accomplished, noting that $400 billion were spent over the past seven years for developing the infrastructure. He said Egypt seeks to boost its exports to $100 billion, referring to the progress realized in upgrading the tax mechanism. In a statement, the Cabinet said the program, which comes in light of the Russia-Ukraine crisis’s impact on global economy, may include additional funding for Egypt.
