Egypt's Planning Ministry, NIGSD run a dialogue entitled (Young Economists and Investment in Africa's Future)

The Ministry of Planning and Economic Development, the National Institute for Governance and Sustainable Development (NIGSD), and the Young Economists Network Program held a high-level policy dialogue on the future of economics and investment in Africa.

The dialogue witnessed the presence of H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, with the participation of Dr. Sherifa Sherif, Executive Director of NIGSD, Elena Panova, the Resident Coordinator of the United Nations (UN)in Egypt, the team of the Economic Commission for Africa, and some young people who received the training program for young economists

During her speech, Dr. Hala El-Said said that investing in the new generation has always been rewarding, referring to the main issue at hand, which covers the path paved by the Young Economists Network, towards empowering young people and allowing them to develop a macroeconomic model to contribute to achieving the 2030 global sustainable development plan and the Africa 2063 plan. 


On the Egyptian participation in the Young Economists Network, El-Said announced that young Egyptian economists constitute about 23% of the total network members from 29 countries around the world, with a total of 228 young Egyptian economists from 17 public and private universities and institutes across Egypt, covering 10 governorates.

On the international economic conditions, El-Said explained that the past few decades deserve to reconsider the critical role played by macroeconomic policies and practices directed towards achieving stability in shaping the resilience of economies and their resistance to crises and shocks at the national and regional levels.


El-Said pointed out that the effects of the Covid-19 epidemic led to an increase in global and local uncertainty and concerns about economic activity, labor markets, financial markets, and global supply chains, as well as challenges facing sustainable development paths in countries.


El-Said added that macroeconomic stability is vital to achieving sustainable and comprehensive development, and is the cornerstone of any successful effort to promote economic growth and private sector development, as well as accelerating the achievement of sustainable development goals.

 El-Said explained that before the outbreak of the Ukraine crisis, growth in the Middle East and North Africa (MENA) was expected to accelerate to 5.3% in 2022 before slowing to 3.6% in 2023.

El-Said added that growth in Sub-Saharan Africa was expected to decline to 3.7% in 2022 and rise to 3.8% in 2023.

El-Said pointed to the need to develop policies to enhance macroeconomic stability in Africa and accelerate its transition to more resilient, inclusive, and sustainable economies in light of the challenges facing the world.

El-Said pointed to the need to prioritize the interrelationship between mitigating the effects of climate change and achieving economic stability.


El-Said stressed that the Egyptian presidency of COP27 will aim to accelerate the momentum towards achieving goals and commitments, including the Paris Agreement, limiting rising temperatures, and protecting the planet.


El-Said added that Africa's future will be shaped by young minds, who will be raised to take charge of the macroeconomic direction in which the continent is moving.