Minister Elsaid on Egypt's Economy

The transcript discusses Egypt's economic growth, highlighting a 6.6% increase in the fiscal year 2021-2022, driven by sectors like telecommunication and hospitality. Future growth projections are considered, with adjustments for global challenges. The focus shifts to privatization and structural reforms, emphasizing agriculture, manufacturing, and ICT. Investment strategies, including the role of the sovereign wealth fund and currency considerations, are also explored.

What was the economic growth rate for the fiscal year 2021-2022?

• 7.0%

• 6.6%

• 6.1%

• 5.5%

Which sector experienced the highest growth during the fiscal year 2021-2022?

• Logistics

• Manufacturing

• Hospitality

• Telecommunications

What is the projected economic growth rate that needs revisiting due to global challenges?

• 3.5%

• 6.5%

• 4.5%

• 5.5%

Which sectors are the focus of Egypt's structural reform program?

• Construction, Mining, Transportation

• Healthcare, Retail, Energy

• Tourism, Finance, Education

• Agriculture, Manufacturing, ICT

What is the main aim of the pre-IPO fund established by Egypt?

• To increase foreign debt

• To acquire international companies

• To hold public stakes for strategic investors

• To fund government projects

What is the role of the sovereign wealth fund of Egypt?

• To manage public pensions

• To regulate the stock market

• To crowd in private sector investment

• To control inflation

Why is a flexible exchange rate considered beneficial for the economy?

• It stabilizes inflation

• It attracts foreign investment

• It reduces government debt

• It increases export tariffs