Business report

UNDP Egypt launches its 3rd activity report

In collaboration with the European Bank for Reconstruction and Development (EBRD), the American Chamber of Commerce (AMCHAM) and the Government of Japan, the United Nations Development Program (UNDP Egypt) has launched the third edition of the report of UNDP activity titled ‘Expanding Opportunities for the Egyptian Private Sector’. sector in the post-COVID era”.

The report shows the impacts of the COVID-19 pandemic on the Egyptian private sector in Egypt, capturing the experiences and insights of private sector companies and providing a roadmap for sustainable recovery and future growth in the post era. -COVID, according to the UNDP.

The report’s findings will catalyze policy dialogue on how Egyptian businesses can overcome the challenges of COVID-19, UNDP noted.

In her remarks at the launch event, Dina Sherif, executive director of the Legatum Center at MIT and senior lecturer at the Sloan School of Management and co-founder of Ahead of the Curve, presented the report’s recommendations to support the private sector and the Egyptian government in the current context. uncertainties.

“Expanding Opportunities for the Private Sector: Thriving for Growth in Times of Challenge.”

While UNDP Resident Representative Alessandro Fracassetti said, “We believe this report can play a catalytic role in starting a policy dialogue on how businesses in Egypt can overcome the challenges of COVID-19 and harness the potential of the public-private and private sectors. private cooperation to ensure a sustainable response to the crisis that helps build a more resilient economy.

As keynote speaker, HE Dr. Rania A. Al-Mashat, Minister of International Cooperation, emphasized that the Egyptian economy has shown resilience over the past two years, despite successive global challenges due to the development agile policies, the strengthening of public-private partnerships and a commitment to the international community. cooperation to accelerate progress towards the Sustainable Development Goals (SDGs), in line with national targets.

She continued: Today’s report on “Expanding Opportunities for the Egyptian Private Sector in the Post-COVID Era”, captures the role and impact of private sector participation in Egypt in terms of development sustainability, taking into account the impact and response to the COVID-19 pandemic, as well as the way forward.

With increased private sector engagement in development, we will be able to increase sustainable growth and accelerate a green and inclusive recovery, she stressed.

For his part, Japan’s Ambassador Extraordinary and Plenipotentiary to Egypt, HE Hiroshi OKA, noted, “Japan has promoted the role of the private sector in Egypt through three dimensions: infrastructure, human capital and finance. We will continue to work closely with the Egyptian government and international partners to support the Egyptian private sector towards more sustainable, inclusive and therefore resilient economic development.