Minister of Planning and Economic Development Hala al-Said attended on Monday a session of the Egyptian Ministerial Economic Committee as part of the activities of the Seventh Investors Conference in the Middle East and North Africa region.
During the session, al-Said discussed the various crises the world is currently witnessing, beginning with the COVID-19 pandemic, followed by the rise in inflation and therefore interest rates, as well as the geopolitical challenges represented, especially in the Russian-Ukrainian war, which led to deep and widespread shocks in the food and energy systems.
al-Said pointed out that the strong nature of the cross-current requires policymakers to make a “barter” in policy-making, explaining that treating one crisis essentially leads to the emergence of another crisis or the exacerbation of an existing crisis.
