Ministry of Planning, Economic Development and International Cooperation Reviews Key Pillars for Consolidating Macroeconomic Stability within “Egypt’s Narrative for Economic Development”

H.E. Dr. Rania Al-Mashat:

Strengthening macroeconomic stability is a prerequisite for fostering an environment conducive to growth and investment.

More than 100 structural reforms are underway across state institutions to safeguard stability and stimulate investment and production.

Coordinated fiscal and monetary policies, efficient resource allocation, and governance of public investments are central to empowering the private sector.

Linking the sustainable development plan with the medium-term budget ensures resources are directed to national priorities while maximizing efficiency in public investment.

The Ministry of Planning, Economic Development and International Cooperation has highlighted the main pillars of the first chapter of “Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience”, which positions macroeconomic stability as the foundation for Egypt’s development efforts.

Economic stability serves as the platform for government policy, enabling inclusive growth, boosting investor confidence, reducing risks, creating jobs, and enhancing the competitiveness of the national economy.

H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, underscored that achieving stability requires disciplined fiscal and monetary policies that instill confidence, along with prudent public finance management through expenditure governance, broadening the tax base, and improving resource efficiency. Fiscal policy, she stressed, must act as a driver of economic growth in partnership with the private sector.

She further emphasized that governing public investments is essential to ensure capital spending is directed toward developmental priorities, freeing space for private investments, and maximizing the social and economic returns of public investments.

Dr. Al-Mashat pointed out that the enactment of the State’s General Planning Law No. 18 of 2022 and the Unified Public Finance Law No. 6 of 2022 marked a crucial step toward strengthening strategic planning, increasing transparency, and linking development policies with the state budget.

She noted that the government is enhancing the integration of the sustainable development plan with the medium-term budget, ensuring resources align with national priorities. A new medium-term planning framework has already been adopted, extending through FY 2028/2029, in coordination between the Ministry of Planning and the Ministry of Finance.

The Minister also highlighted that over 100 structural reform measures are being implemented by various state bodies, including the Ministries of Planning, Finance, Manpower, and Social Solidarity, as well as the Financial Regulatory Authority, covering fiscal policy, planning, and the green transition.

These reforms include: Restructuring economic bodies, Publishing a consolidated final government account, Issuing a procedural guide for compiling general government data, Producing analytical reports on government performance, Applying participatory budgeting in three governorates, Publishing a medium-term fiscal strategy, Drafting a procedural manual for Program and Performance Budgeting, Updating and publishing the medium-term debt management strategy, Expanding statistical reporting on public debt, Enabling individual investments in government debt instruments, Implementing a unified tax system for SMEs and generalizing the e-tax platform, Issuing executive regulations for the General Planning Law, Publishing the medium-term planning report and procedural manual for the plan, Publishing semi-annual and annual reports on public investments, Launching the National Employment Strategy, and Finalizing the National Strategy for Integrating the Informal Sector.

The Ministry of Planning, Economic Development and International Cooperation launched “Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience” on September 7, under the patronage and presence of H.E. Dr. Mostafa Madbouly, the Prime Minister.

The Narrative provides an integrated framework aligning the government’s program with Egypt Vision 2030, while responding to regional and global shifts. It sets out a transition toward an economic model anchored in macroeconomic stability, focused on higher-productivity sectors with export potential, leveraging completed infrastructure investments, and redefining the state’s role in the economy to boost competitiveness and expand private sector participation.

It also functions as both an economic reform program and a strategic communication tool, articulating structural reforms that advance growth, employment, investment, and private sector engagement, while highlighting financing alternatives and sectoral opportunities.

The Ministry has also launched National Dialogue sessions as part of the Narrative, bringing together ministers, development partners, the private sector, and stakeholders. Complementing these discussions, the “Sharek” campaign allows experts to review and comment on the document’s chapters via the Ministry’s website.

Further details on “Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience” and participation opportunities are available at:

https://mped.gov.eg/NationalNarrative