Today’s Egypt, the economic successes, the relationship with Greece



By Eman Yousef * Despite the traditional historical relations between Egypt and Greece, these relations reached an unprecedented level during the rule of President Abdel Fatah El-Sisi with the establishment of the tripartite cooperation between Greece, Cyprus and Egypt, which began in Cairo. in 2014, and was the beginning of successive summits and effective cooperation between Cairo, Athens and Nicosia. A cooperation that developed into various for the benefit of the peoples of the three countries but also the peoples of the countries of the region. During these days, when Greece celebrates the national holiday, NO in 1940, and Egypt also celebrates its anniversary on October 6 for the victory in the Yom Kippur War in 1973. It is worth noting the close relations between the two countries, as the eternal presence of the Patriarchate of Alexandria, the Greek communities in Egypt, the important business activities of a significant number of Greek companies in Egypt and the complementarity of the two countries for the stability and development of the wider region in their common neighborhood, make the two countries natural strategic partners. Egypt has experienced throughout its history many challenges that contributed to one or the other the other way in hindering its development course nevertheless Egypt took care to overcome these challenges, taking advantage of its unique geographical location that played a vital role. Perhaps what Egypt has been going through since 2011 is a clear proof of this, after the accumulation of many economic issues, and with a new growing vision for resolving these issues since 2013, many structural economic programs that are fundamentally different. from its previous governments. These programs focused on tackling the root causes and threats, in addition to tackling future issues with all the tools available to it. Under President El-Sisi, Egypt succeeded for the first time in its history in transforming Consumer expenditures on productive expenditures for the sake of the complete construction and development of the country’s infrastructure (Roads, bridges, recovery and cultivation of hundreds of thousands of acres, provision of housing for poor and middle-income citizens, establishment of new administrative buildings, reconstruction of administrative buildings, the continuation of the opening of mass production projects in different Governments and the continuation of the digital transformation of the government) which shows the presence of scientists who studied the plan for building a modern country and to face the internal and external challenges. President Sisi oversees the implementation of an economic reform program, launched in 2017, to ensure better economic progress and improve the living conditions of citizens. The program aims to ensure that support reaches those who are eligible for assistance. IMF reports show that economic conditions have improved significantly since the start of the reform program, which has helped liberalize the exchange rate and accelerate pace. reduction of internal and external budget deficits, increase of the monetary reserve and reduction of unemployment rates to 8.3%. Despite the positive indicators reflected in the implementation of the economic reform program, some living burdens appeared due to the short-term but did not affect the stability of the situation internally in the light of public confidence in government policies, which is a key factor in the World Bank-proposed economic reform program, which is being implemented in cooperation with the International Monetary Fund. For example, despite rising transport costs in Egypt, it is still one of the cheapest countries in the world for transport costs (for example the metro ticket), although operating costs are very high. Economy and corona virus Undoubtedly , the outbreak of the “COVID-19” pandemic has affected the economies of the whole world. achieving a positive growth rate during the crisis and the challenge facing the government and how to balance the continuity of the development process and absorb the challenges posed by this crisis, as the Egyptian government has allocated large sums of money from the public budget for the development of the health and education sectors, except for x In recent years, the Egyptian government has focused on addressing the shortages in the Egyptian economic indicators and the social problems that have arisen from it.The subsidies to help day-to-day workers and families most affected by the coronavirus crisis. The government is also trying, for the first time in the history of Egypt, to provide an accurate digital registration of real estate and agricultural land, in a way that helps solve the problem of erosion of agricultural land and alleviates the crisis of facilities that arose from the exploitation of its events. 2011. by constructing random and illegal agricultural land. Therefore, it was pointed out how important the task of investing in giant government infrastructure projects, especially those related to the construction sector, which is the engine of growth of the Egyptian economy, during the period of kr equal to “COVID-19”, as it contributed mainly to achieve a positive growth rate during the fiscal year 2019/2020 that reached 3.5%. At the social level, President El-Sisi also outlined his work agenda for investing in the Egyptian people since his re-election in 2018, which has translated into the field of investing in state resources, especially to the benefit of health and education . These two sectors, in addition to investing in the capabilities of the engineering department of the Armed Forces to build national projects, given their extensive experience, in particular the commitment to complete these projects on time and at the lowest possible cost, in cooperation with the private sector in a way that adds job opportunities and experiences for the youth of Egypt. It is important not to overlook the attack of some countries on the role of military institutions in political life, which is defined as zero, as the military institution is primarily a national institution characterized by discipline and ability to achieve without bureaucratic obstacles. Despite the challenges and difficulties, and attempts at demolition, sabotage and incitement by governments, organizations and terrorist and reconstruction, and progress of the lives of the people, but the care of God who preserved the land of Egypt over time – the name of Egypt mentioned in his divine books -, the wisdom of the political leadership and the awareness of the Egyptian people are all impenetrable wall against the forces of evil and darkness. * Journalist Agency ALAHRAM



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