Egypt’s Minister of Foreign Affairs, International Co-operation and Egyptians Abroad, Badr Abdel-Aati, emphasised on Wednesday that the Egyptian economy has demonstrated resilience in the face of ongoing regional challenges, supported by the structural and monetary reforms implemented by the state in recent years.
He noted that these reforms have contributed to mitigating external pressures and strengthening the economy’s ability to absorb shocks.
Abdel-Aati remarks came as he participated in a briefing session organised by the World Bank and led by its Managing Director of Operations, Anna Bjerde, to discuss the economic repercussions of the military escalation in the Middle East.
During the session, Abdel-Aati outlined the broad impact of regional developments on the global economy, highlighting rising energy and fertiliser prices, increasing inflation rates, and higher food costs.
He added that these pressures have been compounded by disruptions to supply chains, trade, and tourism, placing additional strain on national budgets.
The minister also reviewed the state’s efforts to enhance its capacity to address these challenges, including measures to secure the sustainable supply of energy and essential commodities.
He stressed that these efforts are part of a proactive approach aimed at maintaining macroeconomic stability and ensuring the continuity of economic activity, in line with the state’s ongoing economic reform programme.
Minister Abdel-Aati further underscored the importance of strengthening international co-operation to address the economic consequences of regional instability and to support global economic stability.
