Egypt’s economic growth has doubled, according to Dr. Rania Al-Mashat, Minister of International Cooperation, who highlighted the country’s improved macroeconomic performance amid ongoing structural reforms. The announcement underscores Egypt’s progress in stabilizing its economy and attracting foreign capital despite global financial headwinds.
Al-Mashat attributed the growth acceleration to a combination of policy adjustments, increased public and private investment, and stronger export performance. She emphasized that recent economic reforms, including currency floatation and subsidy rationalization, have laid the groundwork for more sustainable development.
The minister also pointed to international financial support, particularly the recent agreement with the International Monetary Fund (IMF), as a key enabler of macroeconomic stability. This support has helped restore investor confidence and facilitated access to external financing.
Additionally, Al-Mashat noted that Egypt’s efforts to improve its business environment—such as streamlining regulations and launching investment incentives—have contributed to rising levels of foreign direct investment (FDI). Recent data indicate a notable increase in capital inflows, particularly from Gulf countries.
She reiterated the government’s commitment to inclusive growth, ensuring that economic gains translate into job creation and improved living standards for citizens. Social protection programs, she added, remain a priority alongside fiscal consolidation.
The doubling of the growth rate marks a significant turnaround from previous years marked by inflationary pressures and currency depreciation. While challenges remain, particularly in balancing debt levels and maintaining import capacity, the current trajectory suggests resilience and reform-driven recovery.
— news from (بوابة أخبار اليوم الإلكترونية)
— News Original —
Al-Mashat: Egypt’s Economic Growth Rate Has Doubled
المشاط: معدل النمو الاقتصادي في مصر تضاعف بوابة أخبار اليوم الإلكترونية