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Al-Mashat reviewed the key pillars of the new narrative, which is based on macroeconomic stability, structural transformation towards tradable sectors, redefining the state’s role in the economy, and empowering the private sector.
Egyptian Minister of Planning Rania Al-Mashat has launched the English version of the executive summary of “Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience” during the Global Gateway Forum in Brussels.
The document, which promotes the new economic model the government aims to achieve, was made available on the ministry’s website ahead of the International Monetary Fund and World Bank annual meetings this week.
During meetings with European commissioners and bilateral development partners, Al-Mashat reviewed the key pillars of the new narrative, which is based on macroeconomic stability, structural transformation towards tradable sectors, redefining the state’s role in the economy, and empowering the private sector.
The minister said the transformation is already visible in the economy’s growth structure, with non-petroleum manufacturing industries, alongside tourism, ICT, and agriculture, leading the fastest-growing sectors in the last fiscal year, 2024-25.
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Al-Mashat noted that the state is redefining its role in economic activity through the implementation of the State Ownership Policy Document. This is being carried out through various entities, including a State-Owned Enterprises Unit to evaluate public companies, a Government Offerings Unit to coordinate the exit from some state-owned assets, and the country’s sovereign fund.
