The Grand Celebration Hall at Cairo University witnessed a symposium entitled "The Egyptian Economy Amidst Challenges" by Dr. Mohamed Moait, Minister of Finance, under the auspices of Dr. Mohamed Othman Elkhosht, President of the University, and in the presence of Vice Presidents, deans of faculties, professors, students and employees.
At the beginning of the symposium, Dr. Mohamed Al-Khosht welcomed Dr. Mohamed Moait, Minister of Finance, and said that the symposium on “The Egyptian Economy Amidst Challenges” comes within the framework of the national dialogue and Cairo University’s project to develop awareness for the current academic year 2022/2023, which includes many seminars and meetings with prominent and important symbols and personalities, in the various scientific, political, economic, cultural and religious fields, to learn about their expertise and experience, develop students’ skills and expand their interaction with national issues and introduce them to the common local, regional and global challenges facing Egypt and the world with local and international experts and specialists, thus contributing to community service and contributing to the national dialogue on various topics and challenges, adding that the Egyptian government is able to face the challenges and overcome any repercussions of the global economic crises.
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During the symposium, Dr. Mohamed Moait, Minister of Finance, said that the Egyptian economy has become more capable of dealing with external shocks, and expanding the umbrella of social protection for the neediest groups in order to mitigate the imported inflationary wave on citizens as much as possible.
The Minister of Finance affirmed that the budget for the current fiscal year is more flexible and capable of dealing positively with the current global economic challenges, which allows the implementation of presidential directives to expand the extension of the social protection umbrella for the most vulnerable groups, and contributes to alleviating the burdens on citizens, so that the state bears as much as possible the negative effects of the unprecedented wave of inflation that followed the Corona pandemic, and which intensified with the outbreak of the Russian-Ukrainian war, reflected in the increase in the prices of goods and services.
Dr. Mohamed Moait indicated that the state is dealing with the current global challenges, with financial policies based on diversifying financing sources, reducing its costs, expanding innovative financing mechanisms, and heading towards issuing sustainable bonds, in a way that contributes to attracting new segments of investors, stressing that Egypt is under its leadership. Egypt was able to make a new history by moving steadily towards the transition to the digital economy to launch into the "new republic".
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Dr. Moait explained that Egypt is working on many areas to provide additional and sufficient resources of foreign exchange to finance the state`s needs and development plan, the most important of which are: strengthening partnership programs with the private sector, continuing efforts to stimulate the export sector to push commodity and service exports, in addition to continuing plans supporting an increase in revenues, service exports, the most important of which are the proceeds from tourism and the Suez Canal. .

Dr. Mohamed Moait: The Egyptian economy has become more capable of dealing with external shocks
Dr.. Elkhosht: The Egyptian government is able to face the challenges and overcome any repercussions of the global economic crises