Egypt’s Mashat discusses global, regional economic impact with WEF

Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al Mashat met with World Economic Forum (WEF) President Børge Brende on the sidelines of the forum’s annual meetings in Tianjin, China.

Al Mashat discussed the impact of global and regional instability on economic performance, noting the stronger-than-expected resilience shown by international markets.

She highlighted Egypt’s own capacity to withstand successive global shocks and reiterated the government’s commitment to a consistent economic reform programme led by both domestic and foreign private sector investment.

Al Mashat outlined Egypt’s three-year government action plan to enhance macroeconomic stability, attract foreign direct investment, boost industrial development, and invest in human capital. She also presented a national narrative for economic development aligned with Egypt Vision 2030 and various national reform frameworks.

She presented Brende with a copy of Egypt’s “Development Finance to Foster Private Sector-Led Growth & Jobs” report, which details over $15.6 billion in development financing secured since 2020 to support private sector growth.

Al Mashat affirmed that Egypt is actively working with development partners to unlock further financing tools to strengthen private sector engagement in driving economic growth.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama