Egypt discusses sustainable growth agenda with UNDP
Egypt’s Deputy Prime Minister for Economic Affairs Hussein Eissa discussed economic reforms, private-sector expansion, and green transition initiatives with UNDP Resident Representative Chitose Noguchi on Monday, as Cairo pushes to strengthen sustainable growth.
Eissa said the government’s priority remains maintaining macroeconomic stability through fiscal discipline, economic reforms, and greater private-sector participation.
He said Egypt’s economic policies aim to give the private sector a larger role in driving growth, boosting competitiveness, and improving productivity and transparency.
Eissa also highlighted Egypt’s State Ownership Policy Document, which seeks to expand private investment, create jobs, and strengthen Egypt’s competitiveness regionally and globally.
The meeting also covered reforms targeting state-owned economic entities to improve institutional efficiency and support the financial sustainability of public assets.
Egypt has accelerated reforms in recent years under agreements with international lenders and development partners, while seeking to attract more private investment and reduce the state’s footprint in parts of the economy.
Eissa said the government is also prioritising entrepreneurship and support for small and medium-sized enterprises (SMEs), describing startups as an important driver of economic growth.
The UNDP said it would continue to cooperate with Egypt in economic governance, development financing, private-sector development, and green transition initiatives in support of the country’s sustainable development goals.
Noguchi highlighted cooperation with Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) to improve the business environment for SMEs and startups and facilitate access to financing and technical expertise.
She also pointed to renewable energy projects supported by the UNDP, including a 200-megawatt solar power project aimed at expanding solar energy use in state-owned industrial facilities.
Attribution: Amwal Al Ghad English