Dr. Mostafa Madbouly, Egypt’s Prime Minister, chaired a meeting of the ministerial economic group to discuss various economic issues. Attendees included Hassan Abdullah, Governor of the Central Bank of Egypt, Dr. Rania Al-Mashat, Minister of Planning and Economic Development and International Cooperation, Dr. Sherif Farouk, Minister of Supply and Internal Trade, Engineer Hassan El-Kheeb, Minister of Investment and Foreign Trade, Yasser Sobhy, Deputy Minister of Finance for Fiscal Policies, Rami Aboul-Naga, Deputy Governor of the Central Bank, and other officials. The meeting reviewed progress on the economic reform program with the International Monetary Fund (IMF), specifically the fifth review being conducted in collaboration with the government and the Central Bank. Discussions highlighted key measures implemented under the “Resilience and Sustainability Facility” program, noting that June’s inflation rate aligns with the IMF’s quantitative performance indicators, with expectations of further decline next year if no additional factors arise. The meeting also addressed efforts to reduce external debt, confirming that the current fiscal year ended within the set ceiling for external debt without any increase. Additionally, the meeting reviewed the progress of the National Committee for Business Readiness, established by Prime Ministerial Decree No. 939 of 2025. The “Business Readiness” report, issued annually by the World Bank, evaluates the investment climate and ease of doing business throughout a company’s lifecycle, serving as a strategic reference for reforms. The report focuses on legislative and regulatory frameworks, public service quality, and operational efficiency. The meeting also discussed preliminary steps taken to align with the report, including institutional and regulatory framework preparations, proactive measures, and forming working groups. Progress on the unified licensing platform’s trial launch was reviewed, highlighting its role in enhancing the investment environment and economic competitiveness by linking 41 government entities electronically and providing access to 250 different services for investors.
— new from (اليوم السابع)
