During her participation in a session on the economic effects of the Corona virus of the Middle East Institute in Washington, Minister of International Cooperation reviewed the efforts of the Egyptian government to confront the Corona virus ... and to create a "platform" with development partners for an immediate response and to develop an action plan in line with national priorities.
Dr. Rania Al-Mashat: "The Corona Virus Crisis will accelerate structural reforms."
Dr. Rania Al-Mashat, Minister of International Cooperation, through video conferencing technology, participated in a session on the short and long-term economic effects of the emerging Corona Virus Crisis, organized by the MEI, which is the oldest institution dedicated to Middle Eastern studies in the American capital, Washington. .
The session included a number of economic experts, with the aim of learning about the policies and measures that governments are taking to reduce the economic effects of the emerging corona virus, and the response of the private sector to these measures. Speaking next to the Minister, Mrs. / Mai Nasrallah, CEO of Denovo Corporate Consulting In the United Arab Emirates, Mr. Jean-Francois Sisnick, researcher at the Middle East Institute, moderated the session, Mr. Paul Salem, President of the Middle East Center in Washington.
In this session, Dr. Rania Al-Mashat reviewed the efforts made by the Egyptian government to confront the Corona virus, as it presented the Egyptian government strategy for confrontation and post-crisis reconstruction, and what the Ministry of International Cooperation has done to create a "platform" with development partners and international financing institutions, for immediate response For everyone who faces the spread of Corona virus, and to develop an action plan through an organized effort that is in line with the national priorities of the Egyptian government.
The Minister indicated that all measures aimed at mitigating the impact of the Corona virus contribute to not disrupting development efforts from their intended purposes, especially achieving the United Nations goals for sustainable development.
The minister added that coordination and international cooperation have become a pivotal role in facing the Covid-19 crisis, and everyone is seeking to analyze the policies and procedures required to enrich the constructive interaction.
The Minister stressed that the crisis of the Corona virus will prompt the general structural reforms related to social protection and informal employment and activate financial inclusion, as shown in the policies of the Central Bank. The Minister also pointed to the many steps taken by the Egyptian Ministry of Health in facing the spread of the Corona virus.
Concerning that efforts to combat the outbreak of the new Corona virus do not lead to neglecting the achievement of the United Nations Sustainable Development Goals, the Minister presented a new vision to list international partnerships focusing on 3 main axes: “the citizen is the focus of attention” and “ongoing projects” and “the goal is the driving force” In order to shed light on the development partnership in order to achieve sustainable development, which is a priority at the level of all sectors, stressing the keenness of the Ministry of International Cooperation through the current and future development financing portfolio to achieve these goals locally and internationally.
She added that the partnership strategy with international financing institutions aims to highlight success stories between Egypt and its development partners in various development projects, which helped to promote inclusive growth in line with the United Nations' goals for sustainable development.
Mr. Paul Salem, President of the Middle East Institute, praised the measures taken by the Egyptian government to reduce the spread of the new Corona virus, pointing out that this crisis should be a historical catalyst for regional cooperation.
Mr. Jean-Francois Cisnek, a researcher at the Middle East Institute, pointed out that Egypt is the least affected country in the Middle East and North Africa as a result of low global oil prices as a result of the Corona virus, because of the presence of sufficient natural gas and planning to become a regional center of energy, will help decrease The prices of oil and gas factories in Egypt on further production.
Mrs. Mai Nasrallah, CEO of Dinovo Consulting Company in the United Arab Emirates, talked about the role of the private sector in contributing to reducing the economic effects caused by the Corona virus in a number of countries in the Middle East.