Egypt Daily News – Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, confirmed that macroeconomic stability, structural reforms, and financing for development are pillars of attracting investment to drive growth and economic development, explaining that the government is working to enhance the flexibility of the economy, improve the business environment, increase competitiveness, and encourage green investments through “National Structural Reforms Programme.”
Meetings with the Minister of Planning in Davos
This came during a number of media interviews conducted by Dr. Rania Al-Mashat with a number of regional and international satellite channels, on the side-lines of her participation in the work of the World Economic Forum 2025, which was held in the Swiss city of Davos, under the slogan “Cooperation for the Smart Age,” during the period from 20 to January 24, with broad participation from heads of state and government, decision-makers, and representatives of international organizations.
The Minister of Planning, reviewed a number of messages about developments in the Egyptian economy, its impact on global challenges, and the policies that the United States of America is expected to follow with the start of the term of the new American President Donald Trump, explaining that the markets are expected to be affected by the decisions and statements of the new American president.
But the matter is subject to careful adjustments due to its impact on inflation and interest rates for the American citizen, adding that all countries, especially developing and emerging countries, will be affected by American moves in light of the difficulty of attracting investments.
Inflation rates decline
Regarding inflation rates in Egypt, Dr. Rania Al-Mashat explained that next February will witness a decrease in annual inflation rates as a result of the effect of the base period, thus a decrease in the cost of production and this will be a positive indicator.
Al-Mashat also pointed to other positive indicators of economic growth in the last quarter of the last fiscal year, and the first quarter of the current fiscal year, as they witnessed an increase in the growth of the non-oil manufacturing sector, as the government succeeded in overcoming the bottlenecks that the sector was suffering from at the level of… Supplying production requirements and releasing customs on them, increasing investment in these industries, and there is also an increase in the export index.
Review of the International Monetary Fund
The Minister of Planning, Economic Development and International Cooperation pointed out that the completion of the fourth review with the International Monetary Fund is an important indicator that responds to the concerns surrounding the Egyptian economy. She also indicated the growth of the tourism sector in terms of income from tourism and the increase in the number of tourist room nights, it also touched on the continuation of payments to foreign companies in the petroleum and extraction sector and the continuation of prospecting and exploration that will follow, which will have a positive impact on the level of economic growth as well as foreign revenues, in addition to the remarkable growth witnessed by the industrial sector, as this growth reflects an increase in private and foreign investments. As well as an increase in the volume of exports.
Al-Mashat confirmed that the Egyptian government is focusing greatly on restoring macroeconomic stability, as it began last March implementing a mixture of financial and monetary policies that enabled us to restore balance to the foreign exchange market, and a number of crises were resolved, including the accumulation of goods in the ports, which was reflected in Positively on the gross domestic product, pointing to a growth rate of 3.5% in the first quarter of the current fiscal year.
She stated that the tourism sector achieved strong growth in the first quarter despite the tense regional developments, and the non-petroleum manufacturing sector is witnessing continuous growth, as it represents 15% of the gross domestic product.
