The Egyptian government said on Saturday that economic indicators show that the Egyptian economy has exceeded international expectations, thanks to the success of the economic reform program and resilience during the coronavirus pandemic. A statement from the Cabient’s Media Center stated that the the government’s economic reforms have made the economy more capable of facing external and internal shocks. It has transformed into a diversified, productive economy with competitive advantages. The Egyptian economy has achieve balanced and sustainable growth, with Egypt being among the few countries in the world that was able to achieve positive growth amid the coronavirus pandemic, according to international economic institutions. The report noted that the net foreign direct investment also increased by 11.6 percent, recording US$4.8 billion during the period (July 2020 – March 2021) compared to US$4.3 billion during the period (July 2009 – March 2010).
