Sigma Capital

30-01-2025

‘State implements further structural reforms to reinforce economic resilience’

Source: MIST

egyptian-gazette-


Egypt’s Minister of Planning, Economic Development and International Co-operation Dr Rania al-Mashat received on Wednesday a delegation from JPMorgan Chase and a group of investors to discuss prospects for future co-operation and to learn about the latest developments in the local economy.


During the meeting, Minister Mashat presented an overview of Egypt’s economic developments since the beginning of the previous year, as well as the government’s efforts to implement an economic and structural reform programme through co-operation with the International Monetary Fund (IMF) and global partners.

Mashat pointed out that the government successfully restored macroeconomic stability through efforts made since March, following the challenges faced by Egypt’s economy in recent months.

The minister also outlined clear steps to consolidate this stability through the implementation of the national structural reform programme, governance of public investments, taking measures to control public finances, and creating a more favorable investment environment for the private sector to stimulate local and foreign investments.

Mashat also highlighted the ministry’s efforts to monitor the implementation of the national economic and structural reform programme in coordination with all concerned ministries and authorities, and in collaboration with international development partners, to attract financing to support budget reforms and implement structural adjustments.


She noted Egypt’s strategic partnership with the European Union, which includes the macroeconomic support mechanism to address the budget deficit with a value of 5 billion euros.