After Lebanese experts exhausted their ideas to come up with a solution to the economic crisis that the country is suffering from, from extracting gas from the sea to negotiations with the IMF and reforms, Lebanese MP Tony Frangieh came out with a solution to export young men and women - engineers, doctors and other specialists - in order to send money to their families in Lebanon.
Many mocked - at the time - Franjieh's proposal, but the Egyptian Prime Minister Madbouly adopts the same proposition, as he proposes to export white hands to bring green currency, so will Arab governments turn into travel offices?
To defend his proposition, Madbouly explained - as stated in the clip broadcast by the "Above the Authority" program (3/3/2023) - that the remittances of Egyptians abroad represent one of the most important resources of the state in foreign currency, indicating that the state's strategy in the coming period aims to encourage To increase the Egyptian labor directed abroad, considering it part of the increase in exports in an indirect way.
He explained that when the Egyptian worker travels to work abroad and makes financial transfers to his family in Egypt, they represent one of the most important resources of the state in foreign currency, pointing out that "we must ensure the exit of a number of workers abroad, targeting global and regional markets for different specializations."
It is noteworthy that Egypt suffers from an acute shortage of foreign currency despite the devaluation of the Egyptian pound, and the announcement of a $3 billion support package from the International Monetary Fund.