Dr. Seddik Afifi, Chairman of The Taiba Education Group and Chairman of the Board of Trustees of Merit University in New Sohag, said that international assessment institutions, which are known for their integrity and impartiality, expect the Egyptian economy to grow by close to 5% during the fiscal year 2021-2022, which is a very high rate.
Dr. Seddik Afifi indicated in his “Good Morning” program broadcast on his official Facebook page that international assessment institutions do not compliment and do not give biased reports, but rather monitor facts based on statistics and studies, and their expectations are based on accurate calculations, which confirms that those in charge of managing the economy in Egypt knows their duties well and is competent to fulfill the responsibilities they assume
Dr. Seddik Afifi stressed that the statements of the Minister of Finance, Dr. Mohamed Maait, of Egypt’s ability to fulfill its external obligations without affecting the internal economic conditions, is very reassuring and reveals the extent of the strength and solidity of the Egyptian economy and its resilience in the face of emergency conditions, including the Corona pandemic that ravaged the economies of the world, adding, although the public treasury The state bears the cost of millions of vaccines to confront Corona, which is a new door on the budget, but the Egyptian economy is able to recover and grow at a significant rate
Dr. Seddik Afifi explained that the significant growth of the Egyptian economy from about 2% this year to about 5% next year, according to the expectations of international assessment institutions, is very promising, especially since it is accompanied by other good indicators, including the start of exporting Egyptian gas to Europe, Jordan, Lebanon and other countries, and its transformation. To an influential energy center in the Eastern Mediterranean
Dr. Seddik Afifi expressed his happiness with the reports of the World Bank for Development and Reconstruction that Egypt will lead the development processes in the continent of Africa and the Arab region, which is an honorable matter that calls for pride in what the Egyptian state is achieving in various fields.