Planning: £ 130 billion allocation to address the repercussions of global economic challenges

Dr. Ahmed Kamali, Deputy Minister of Planning and Economic Development, participated in the session “Challenges of State Building in Africa: Resilient Institutions for Peace and Sustainable Development”, which was held during the activities of the third edition of the Aswan Forum for Peace and Sustainable Development entitled “Africa in the era of successive risks and climate fragility: roads to a peaceful continent”. flexible and sustainable.

Dr. Ahmed Kamali said Egypt had made rapid efforts and strong flexibility over the past few years in response to global shocks and crises to mitigate the short-, medium- and long-term effects of the epidemic and the events of the epidemic. and to recover. the Ukraine crisis, adding that Egyptian institutions played a key role in ensuring effective and efficient performance and the provision of public services, explaining that the COVID-19 crisis was seen as an opportunity to approach the public adapt management to better integrate the future into policy making and respond to the challenges of the pandemic.

Kamali added that with the increasing uncertainty, the Ministry of Planning and Economic Development has focused on investing in human capital in order to provide public sector institutions with the skills and knowledge needed to adapt to changing circumstances through national and international training programs, as well as employment. to enhance collaboration and dialogue between stakeholders Multiplayer.

Kamali pointed out that the ministry, through the National Institute for Management and Sustainable Development, launched the Egyptian Women’s Leadership Program, which looked at the training of more than 3,873 Egyptian government employees from 12 Egyptian governorships to ensure institutional performance and the government deal with job challenges, as well as the “She’s for a Digital Future” program. Which has included the training of 2,000 women so far, in addition to the Sustainable Development Ambassadors Initiative, the Climate Change Ambassadors Program, and the Green Minds Initiative.

Kamali touched on the programs launched by the institute at the African and international level, which included the African women’s leadership program, and within the framework of several international partnerships, dr. Ahmed Kamali said the institute offers international training courses in the areas of governance and sustainability, referring to the Leadership Program for Government Excellence with Kings College London and the American University in Cairo, as well as the innovative management program for the digital age with Thunderbird School, the Executive Program for Global Leadership with George Washington University, and the Good Governance Program and Combating Corruption and Digitization with the Herti School of Government.

Dr. Ahmed Kamali referred to the institutions affiliated with the Ministry of Planning and Economic Development, which included the Sovereign Fund, the National Institute for Management and Sustainable Development, the National Planning Institute, the National Investment Bank and the Cairo Demographic Center, and added. that the Ministry of Planning has succeeded in automating the successive stages of the preparation of the national investment plan, through the development and adoption of the “integrated system for the preparation and monitoring of the investment plan”.

Kamali added that the ministry also developed and strengthened Egypt’s Vision 2030, launched in 2016, which was revised and updated to ensure better alignment of national goals with sustainable development goals and to enable the country to respond to crises such as adjust the COVID. -19 pandemic.

Kamali added that the ministry had taken major steps in formulating the “National Structural Reform Program”, which aims to increase the productive capacity and competitiveness of the economy, in addition to achieving comprehensive, balanced and sustainable growth, by Focus on 3 main priority sectors. ; It includes the industrial sector, the agricultural sector and the information and communication technology sector, and adds that the program also supports service sectors that complement and support productive sectors capable of creating jobs and providing foreign exchange, the most important of which are logistics, construction and tourism sectors.

Kamali added that within the framework of the structural reform program, the Egyptian government has committed itself to continuing to invest in infrastructure development, given the critical role it plays in improving the business environment and promoting private participation. sector, which aims to adopt a number of policies, including the adoption of various institutional and legal reforms. Aiming to remove structural and organizational barriers, thus facilitating the process of doing business and contributing to a more favorable business environment, note as well as the simplification and mechanization of customs clearance procedures for goods in Egyptian ports through advanced shipping information systems and the revision of the Intellectual Property Rights Act in accordance with international laws and standards.

On the measures Egypt has taken to deal with the Russian-Ukrainian crisis, Kamali explained that the state’s efforts to deal with the crisis included the implementation of a package of financial and social protection measures to address the repercussions of to mitigate global economic consequences for the Egyptian citizen, and to continue to achieve food security, with the formation of a government committee to discuss the impact of this, to hold meetings The committee is given weekly, which makes it possible to assess challenges directly, and to take the necessary actions in the light of those challenges.

In terms of food security measures, Kamali indicated that an additional incentive has been given to the local wheat price for the current agricultural season to encourage farmers to supply the largest possible quantity while working to diversify the sources of supply of basic food commodities and to to increase their inventory. for a future period of not less than 6 months, in addition to coordination with all relevant authorities, to provide food commodities at low prices, distribute Ramadan cartons of food, efforts to improve market control and tighten control over points of sale, as well as pricing unsubsidized bread to lower its price and appointing the Supply Research Department to ensure the implementation of the new prices.

Dr. Ahmed Kamali added that the measures taken also include the provision of a safe supply of wheat, the allocation of £ 130 billion to address the effects of global economic challenges and mitigate their impact on citizens, and 2, 7 billion pounds to include 450 thousand new families for beneficiaries of. the “Solidarity and Dignity” program, in addition to the allocation of £ 190.5 billion to the National Authority for Social Insurance to pay out the pension increase of 13%, with a minimum of £ 120, from the beginning of April 2022, in addition to 6 the increase in the tax exemption limit from 24 to 30 thousand pounds at a rate of 25% to relieve pressure on citizens, with the implementation of the salary increase in the first From April 2022 instead of 1 July 2022, where 36 billion pounds will be arranged to pay out the periodic bonus to those addressed by the Public Service Act, the special bonus for those not addressed, and the additional incentive, in addition to the agreement to increase the wage by 8% by a pound. minimum of £ 100 per month, And the remuneration of civil servants after it has been increased by 7%, in addition to 15% of the basic wage, a special remuneration for those not addressed by the Public Service Act k is not, with a minimum of 100 pounds per month.

Regarding regional cooperation, Kamali referred to the Arab-African trade bridge program, which represents a model for an African institution that emerged in the midst of economic reforms, and proved its resilience in the context of regional cooperation.

Dr. Ahmed Kamali touched on African sovereign wealth funds and explained that 15 African countries have established sovereign wealth funds over the past decade, currently managing up to $ 24 billion in assets, adding that African sovereign wealth funds are acting as a “new breed of state-owned investors”. . ” which play a major role in attracting capital to their domestic economies, rather than global financial markets, and thus play a greater role in creating the resilience of African economies.

Kamali concluded by talking about the Egyptian experience, the Egyptian Sovereign Fund prioritizes innovative financing instruments, and creates unique investment opportunities by investing a wealth of resources to unleash the value of untapped assets in Egypt.

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