Egypt unveils innovative strategy for sustainable economic planning

10.12.24
12:26


Economics

Egypt unveils innovative strategy for sustainable economic planning

The government aims to bolster private sector engagement through various initiatives

Egypt has announced a new methodology for preparing its 2025/2026 fiscal year economic and social development plan. 

This approach aligns with international standards and Egypt’s Vision 2030, targeting sustainable development and greater private sector integration. This is reported by
Daily News Egypt, a partner of TV BRICS.

Egypt’s Minister of Planning, Rania Al-Mashat, highlighted the government’s commitment to strengthening economic resilience amidst global challenges, including geopolitical conflicts, climate change, and sluggish global trade. The new methodology focuses on improving investment efficiency, public investment governance, and monitoring, with a strong emphasis on reducing regional disparities.

For the current fiscal year, Egypt has allocated 39.58 billion USD in total investments, with nearly 50 per cent directed to the private sector. The government aims to bolster private sector engagement through initiatives like the National Structural Reform Programme and partnerships with international development agencies, securing US$12 billion in concessional financing over recent years.

Entrepreneurship also features prominently in the strategy, with the establishment of a Ministerial Committee for Entrepreneurship and the upcoming “Start-Up Charter,” designed to support the start-up ecosystem.

Photo:
iStock

Back

 

 

Share your love

Leave a Reply