Cairo – Reda Helal
H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, received Ms. Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group, at the Ministry’s headquarters in the New Administrative Capital. The meeting was attended by Mr. Stephane Guimbert, World Bank Country Director for Egypt, Yemen, and Djibouti; Mr. Cheick-Oumar Sylla, IFC Regional Director for North Africa and the Horn of Africa; along with members of the World Bank team.
During the meeting, Dr. Al-Mashat reaffirmed the Egyptian government’s commitment to strengthening its strategic partnership with the World Bank Group to support Egypt’s economic and social development priorities. This includes advancing fiscal and structural reforms, encouraging private sector participation, and expanding green investments, in line with Egypt’s national vision and sustainable development goals.
The Minister explained that the government has recently launched a new comprehensive framework under the title “Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience.” The framework integrates Egypt Vision 2030 with the Government’s Action Program, while accounting for regional and global developments. It adopts an economic model focused on high-productivity sectors and the real economy, with the aim of boosting domestic resources and achieving sustainable growth resilient to external shocks.
Dr. Al-Mashat added that over the past decade, Egypt has invested heavily in infrastructure—including roads, energy, ports, and smart transport systems—which has contributed to creating a more attractive environment for investment and enhancing productivity. She stressed that the next phase will focus on diversifying the production base, increasing exports, rationalizing imports, enhancing private sector participation in line with the State Ownership Policy Document, strengthening competition policy, and protecting low-income groups.
The Minister also reviewed the targets of the 2025/2026 economic and social development plan, emphasizing the government’s commitment to fiscal discipline and reducing the budget deficit. She revealed that public investments have been capped at EGP 1.16 trillion for the current fiscal year, in line with efforts to balance development needs with financial stability.