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Wednesday, 27 October 2021

OECD to support structural econ reform through three year program

Prime Minister Moustafa Madbouly signed an MoU with OECD Secretary-General Matthias Cormann for a three-year country program to support Egypt’s structural economic reform agenda, according to a cabinet statement. The program lays out a plan for Egypt and the OEC to roll out 35 projects under five pillars: Inclusive and sustainable economic growth, innovation and digital transformation, governance and anti-corruption, statistics, and sustainable development. “All pillars will have a strong focus on gender equality and the inclusion of women and young people in the economy and society, as well as on supporting the formalisation of SMEs,” the OECD said. The PM signed the MoU in OECD’s Paris headquarters during his current visit to the French capital.

Egypt could help Somalia build rainwater harvesting dams, after Somali Agriculture Minister Saeed Hussein requested Egypt’s support with its expertise in this area during a meeting with Irrigation Minister Mohamed Abdel Ati on Monday, according to a ministry statement.

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