Egypt’s Sisi charts post-IMF vision with focus on fiscal reform and development

President Abdel Fattah El-Sisi on Tuesday reviewed Egypt’s post-International Monetary Fund (IMF) strategy, emphasising fiscal discipline, private sector growth, and long-term development, according to a statement from the presidency.

The president met with Prime Minister Moustafa Madbouly, Finance Minister Ahmed Kouchouk, and Planning Minister Ahmed Rostom, underscoring that economic reforms must go beyond stabilising public finances to deliver tangible benefits for citizens.

The discussion focused on a national development plan aimed at boosting competitiveness and sustaining growth, including expanding the comprehensive health insurance programme and accelerating the presidential rural development initiative, Hayah Karima.

Under the IMF programme, the government has committed to measures to reduce budget deficits, streamline public spending, and stimulate private investment. El-Sisi highlighted the importance of manufacturing, exports, and participatory development planning to ensure public investment projects align with Egypt Vision 2030.

During the meeting, the officials also addressed external pressures, noting that regional conflicts have disrupted global supply chains and commodity markets, exposing Egypt to price shocks and inflation. The president called for continued coordination across ministries to maintain strategic reserves and stabilise domestic markets.

Sisi also emphasised private sector engagement, diversified funding for infrastructure and development projects, and climate-aligned initiatives, signalling Egypt’s effort to integrate into regional and global economic frameworks.

Attribution: Amwal Al Ghad English