Tuesday, June 16, 2020
3:30 PM to 4:30 PM
Virtual Event
The IFPRI-Egypt Seminar Series is part of the United States Agency for International Development (USAID) funded project called “Evaluating Impact and Building Capacity” (EIBC) that is implemented by IFPRI. The seminar supports USAID’s Agribusiness for Rural Development and Increasing Incomes (ARDII) project’s objectives.
In partnership with
"COVID-19 and the Egyptian economy:
Modeling Impacts and Next Policy Steps"
The COVID-19 pandemic is interrupting Egypt’s recent economic success story and estimates suggest that the COVID-19 crisis may lead to a decline in GDP during Q4 (April-June). While these losses are lower compared to many other countries, especially to those countries that implemented full lockdowns, they are leading lead to substantial temporary job losses and reductions in household incomes. The level of social protection required to fully offset poor households’ income losses is likely to be prohibitive, especially given falling revenues from reduced economic activity. Therefore, continuing to gradually open the economy again will be critical for avoiding permanent job losses and increases in poverty. The re-opening of the economy and related government support to sectors may also provide new opportunities for accelerating private sector driven and sustainable economic transformation.
This seminar will present findings from joint COVID-19 impact assessments by the Egyptian Center for Economic Studies, the International Food Policy Research Institute and the Ministry of Planning and Economic Development. The seminar will also reflect on actions taken by the Government of Egypt to mitigate COVID-19 impacts and discuss next steps for fully re-opening the economy and emerge stronger from this unprecedented global crisis.
Speakers:
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| Ahmed Kamaly Deputy Minister to the Minister of Planning and Economic Development |
Tarek Tawfik, Deputy Chairman of the Federation of Egyptian Industries |
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| Abla Abdellatif Executive Director and Director of Research, ECES |
Clemens Breisinger Country Program Leader, IFPRI Egypt |
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| Mariam Raouf Senior Research Associate, IFPRI Egypt |
Moderator:
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| Katarlah Taylor Events Manager, IFPRI |
