Egypt discussed Thursday providing job opportunities for the workforce that returned from abroad due to the COVID-19 pandemic.
In a video conference held among ministers of local development, trade and industry, and immigration and Egyptian expatriates' affairs, Minister of Local Development Mahmoud Sharawi stressed the importance of conducting a full scan of available vacancies across Egypt in diverse sectors, highlighting the significant role of the private sector and the civil community in supporting the state.
Minister of Immigration and Egyptian Expatriates' Affairs Ambassador Nabila Makram said that the data of the returnees was analyzed to help form an accurate database including basic info, professions they practice, and skills.
For his part, Egypt's Minister of Trade and Industry Nevine Gamea also affirmed that the government is keen on providing adequate job opportunities for the incoming workforce due to the spread of the pandemic. The government will create opportunities in infrastructure projects and will offer soft loans to establish micro and small enterprises, namely in fields of agriculture, industry, and livestock.
This came as the country registered the highest daily recoveries, as 1,613 patients were cured and discharged from hospitals, raising the total number of recoveries to 47,182.
Meanwhile, J.P. Morgan said that Egypt is the only country in the Middle East and Africa that has successfully concluded the annual cycle of reviewing the credit rating, according to the Ministry of Finance.
“Egypt has retained the confidence of all three international evaluation institutions, Standard & Poor's, Moody's, and Fitch, during one of the most difficult periods of the global economy.”
For his part, Minister of Finance Mohamed Mait said that the government adopted a proactive policy in dealing with the coronavirus crisis, as the political leadership took the initiative to allocate a financial package to support the Egyptian economy, amounting to 2 percent of GDP, which contributed to alleviating the shock and supporting the sectors and groups most affected.