Wednesday 22/October/2025 – 12:22 PM
Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, confirmed that the “People and Banks” Economic Conference, throughout its previous sessions, represented an important platform for exchanging visions and ideas on the most prominent issues of the Egyptian economy, and presenting developments in the economic and banking arena and their relationship with the Egyptian citizen.
Al-Mashat explained during her video-recorded speech during the conference that the current session is being held at a time when the Egyptian economy is witnessing a noticeable improvement and development in its various indicators, especially in terms of economic growth, which rose to 4.4% at the end of the last fiscal year, driven by a noticeable development in sectors of the real economy such as non-oil manufacturing industries, communications and information technology, tourism, and financial intermediation and insurance activities.
She continued that at the same time, we recently witnessed the decision of the major credit rating institutions to raise Egypt’s rating to (B) with a stable future outlook, which confirms the effectiveness of the economic and structural reform decisions that the state has implemented since March 2024, and this is a result of coordination between the economic ministerial group, and integration between the Central Bank and the government, in order to maintain macroeconomic stability and unleash the latent potential of the economy. Egyptian.
She explained that amid these developments, Egypt, under the leadership of President Abdel Fattah El-Sisi, the President of the Republic, was able to coordinate international and regional efforts to sign a historic peace agreement in the city of Sharm El-Sheikh, to stop the war on the Gaza Strip, and the steadfastness of this agreement would give more positive prospects for the Egyptian and regional economies, as it would allow for the return of Suez Canal activities again.
It expected that the Egyptian economy would achieve growth approaching 5% in the current fiscal year, in light of these positive developments and the government’s determination to move forward with economic and structural reform measures.
She added: (Based on the role played by the Ministry of Planning, Economic Development and International Cooperation, to define the strategic objectives of the state in all its sectors, while determining the priorities for implementing those objectives, in accordance with the General Planning Law and the Public Finance Law, it has prepared and formulated the “National Narrative for Economic Development: Policies Supporting Growth and Employment,” which works to achieve integration between Vision 2030, the government program, and sectoral strategies, for transformation. To an economic model based on macroeconomic stability and the productive and export sectors.
She stressed that the “national narrative for economic development” is an economic reform program that is not based only on fiscal and monetary policies, but focuses on sectors of the real economy, and stimulating policies that support growth and employment, through the implementation of the national program for structural reforms, which includes many measures according to specific time frames.
In a related context, she indicated that the Ministry of Planning, Economic Development and International Cooperation is proud of the close cooperation with the banking sector led by the Central Bank, through various financing tools provided by international partners, such as credit lines, direct investments, soft financing and other financing tools, the value of which has exceeded 16 billion dollars since 2020 until now.
The Minister stressed the importance of the financial and banking sector in attracting this type of financing. Financial institutions, especially banks, accounted for 42% of these development financings, which reflects the growing confidence of international development partners in the Egyptian banking system as a main channel for capital flow, small and medium enterprise development and entrepreneurship.
