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  • Thursday, 24 April 2025

Dr. Rania Al-Mashat in messages to a group of international investors and representatives of the private sector at Jefferies Global during the Spring Meetings of the IMF and the WB: Significant interest from the political leadership in reducing investment costs for the private sector and unifying fees and taxes to improve the business environment.

• Continued implementation of the investment spending ceiling to govern the government's contribution to economic activities and provide more opportunities for the private sector.

• Egypt is a promising and stable market despite regional and international turmoil, with significant opportunities available for investors across various sectors.

• The government is pursuing systematic policies and integration among the economic ministerial group to maintain macroeconomic stability and enhance its regional and international competitiveness.

• Structural reforms are an ongoing process to support our resilience in the face of shocks, and we aim to implement a new package of measures in the coming period.

• The continued improvement in economic indicators and the upward revision of growth expectations by the International Monetary Fund reflect the effectiveness of the economic reform path.

• The State Ownership Policy document serves as a roadmap towards increasing the private sector's contribution to investments to lead efforts in achieving comprehensive economic development.

• Fiscal discipline and investment governance allow for additional fiscal space to enhance economic development and increase investments in human capital.

H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Egypt's Governor at the World Bank, continued her participation in the events of the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank (WB), held in Washington D.C. 

In an expanded meeting, H.E. Dr. Al-Mashat met with Jefferies Global and a large number of international investors to present the most prominent indicators and developments of the Egyptian economy. The meeting was attended by H.E. Ahmed Kouchouk, the Minister of Finance.

During the meeting, H.E. Dr. Rania Al-Mashat reviewed the developments of the Egyptian economy and the outcomes of the economic and structural reform program being implemented since March 2024, as well as the impact of fiscal adjustment policies and monetary policies on the improvement of macroeconomic indicators at the level of growth and inflation. This was reflected in the upward revision of expected growth rates by the IMF in its recently issued World Economic Outlook (WEO) report.

H.E. Minister Al-Mashat emphasized the political leadership's keenness to encourage local and foreign investments by reducing investment costs for the private sector. She pointed to the directives of His Excellency President Abdel Fattah El-Sisi to unify taxes and fees on investors, which will contribute to improving the business environment and eliminating significant burdens previously borne by investors.

H.E. Dr. Al-Mashat noted the government's continued implementation of the investment spending ceiling regarding public investments in the upcoming fiscal year, in order to govern the state's contribution to economic activities and provide more opportunities for the private sector. 

H.E. Minister Al-Mashat urged investors to learn more about the investment opportunities available to local and foreign companies in many promising sectors, especially renewable energy, infrastructure, non-petroleum manufacturing industries, and others.

H.E. Dr. Al-Mashat highlighted that Egypt is a promising and stable market despite the surrounding regional and international turmoil, which makes it attractive to investors. She also mentioned that the government is pursuing systematic, integrated, and consistent policies among the various ministries of the economic group to maintain macroeconomic stability and enhance the economy's regional and international competitiveness.

In a related context, H.E. Dr. Al-Mashat stressed the continuation of structural reforms to support the economy's ability to withstand external shocks, and that the coming period will witness the implementation of a package of reform measures in coordination with relevant ministries and entities.

H.E. Minister Al-Mashat underlined that the improvement in Egypt's economic indicators reflects the effectiveness of the economic reform path adopted by the government, noting the government's efforts to enact the State-Owned Enterprises Law to govern its contribution to economic activities and enhance private sector participation, in line with the State Ownership Policy document.

The Minister of Planning, Economic Development and International Cooperation touched on the fact that trade wars and measures taken by the USA are causing economic turmoil globally, which necessitates the international community to take swift measures to try to address these issues, and that the government is currently studying the impact of these decisions on the local market.