Cairo - Mubasher: The Egyptian minister of planning, monitoring, and administrative reform said that the sustainable development plan for 2018-2020 targets an annual economic growth rate of 5% by the end of the current fiscal year.
Hala El Said added in a statement on Monday that the ministry aims at reaching a growth rate of 6% by the end of FY2019-2020, compared to 4% last year.
The plan also targets raising investments rate from 15.6% to 16% by the end of the current year, rising to 17.2% by the end of the FY19/20, as well as increasing exports from $20.5 billion to $22.5 billion, and $30 billion in the year next.
Unemployment rate which reached 12.2% last year, it expected to reached 11.5% by the end of the current fiscal year, and to further decline to 9.7% by the end of FY19/20.
