Planning Ministry launches "Incentives for Performance Excellence in Public Investment Management Initiative for 2nd year

Egypt’s Ministry of Planning and Economic Development announced on Sunday 9/4/2023 the launching of the "Incentives for Performance Excellence in Public Investment Management at the Local Level" initiative for the second year in a row after the success achieved in the 2022/2023 fiscal year.

H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, stated that the value of the additional incentives targeted for the Performance Incentives Initiative during the fiscal year 2024/23 amounts to EGP 1.9 billion.

El-Said pointed out that the initiative aims to encourage the bureaus of all governorates to adopt the best international practices in the field of planning, follow-up, performance evaluation, public spending management, and the development of work systems in the local administration, in a way that contributes to the localization of the SDGs at the governorate level, in line with Egypt's Vision 2030.

El-Said referred to the initiative's strategic objectives, which include implementing public investments with a focus on efficiency and accountability. She also improved the governorates' decision-making process on prioritizing, allocating, and managing investments.

For his part, Dr. Jamil Helmy, Assistant Minister for Follow-up Affairs of the Sustainable Development Plan, referred to the basic criteria of the initiative, which include participatory planning, preparation of feasibility studies, and investment planning, in addition to following up the implementation of the investment plan, planning the capacity building process, transparency and public disclosure.

It is noteworthy that the results of evaluating the initiative in its first year resulted in the victory of 19 governorates, with a rate of 83% of the total governorates, and 6 governorates obtained an evaluation of 100%, namely Giza, North Sinai, Sharkia, Minya, Menoufia, and Kafr El-Sheikh, and 13 governorates obtained an evaluation rate ranging from 75 to 92%.