The Ministry of Planning and Economic Development and International Cooperation released a report detailing its key activities and events from the past week. Among the highlights was the opening of the conference titled ‘Development Financing to Empower the Private Sector: Economic Growth and Employment,’ led by the Minister of Planning, in the presence of Prime Minister Dr. Mostafa Madbouly, several ministers, development partners, and ambassadors. \n\nThe conference launched a report titled ‘Empowering the Private Sector: Economic Growth and Employment,’ which revealed that total financing provided to the private sector between 2020 and May 2025 amounted to approximately $15.6 billion from over 30 development partners. This underscores growing international confidence in Egypt’s investment climate and the role of the private sector in driving development. \n\nThe Egyptian government and the European Union also introduced the European Fund for Sustainable Development mechanism, which includes investment guarantees worth 1.8 billion euros. This initiative, one of the outcomes of the Egypt-European Summit held in March 2024 under President Abdel Fattah El-Sisi and European Commission President Ursula von der Leyen, aims to promote sustainable investments in partner countries, including Egypt, by encouraging private sector participation and providing innovative financial tools. \n\nThe conference witnessed the signing of six agreements and cooperation protocols between the government, development partners, and the private sector in renewable energy and green industries. Additionally, the scope of the ‘Hafez’ platform for financial and technical support to the private sector was expanded. \n\nIn related developments, Egypt was selected as one of seven beneficiary countries for the Climate Investment Fund (CIF) program, aimed at reducing emissions in the industrial sector. This marks the first global concessional financing initiative of its kind, valued at $1 billion, after Egypt competed among 26 countries worldwide. \n\nThe Ministry also launched the Global Investment Report by the United Nations Conference on Trade and Development (UNCTAD), which monitors global trends in foreign direct investment (FDI). The report ranked Egypt ninth globally among countries attracting the most FDI, with investments totaling $47 billion, reflecting the success of economic reforms implemented by the Egyptian government. \n\nIn other news, the Minister of Planning held a coordination meeting regarding the second phase of the macroeconomic support mechanism valued at 4 billion euros, discussing structural reform matrices to be funded by the European Commission. \n\nThe Minister also met with Gareth Bayley, the UK Ambassador to Egypt, to explore ways to enhance cooperation in sustainable green transformation, economic relations, and investments. \n\nEgypt ranked second in Africa in the Public Service Delivery Index (PSDI) for 2024, scoring 58.99 points and surpassing the continental average, particularly excelling in energy and infrastructure sectors. \n\nThe House of Representatives approved the national socio-economic development plan for the fiscal year 2025/2026 during the week, with the presence of the Minister of Planning. \n\nAdditionally, the Minister inaugurated the revamped office of the International Finance Corporation (IFC) in Egypt following a visit by its executive director, which included a meeting with President Abdel Fattah El-Sisi and participation in the ‘Development Financing to Empower the Private Sector’ conference. \n\nThe Minister also engaged with graduate students from leading UK universities, addressing their questions about Egypt’s economic developments and state projects such as ‘Decent Life’ and universal health insurance. \n\nA regional workshop on ‘Food Security in the Middle East and North Africa,’ organized by the World Bank, was inaugurated, emphasizing food security as a top priority for achieving socio-economic stability. \n\nFinally, the Ministry announced the availability of new projects under the national initiative to develop rural Egypt, ‘Decent Life,’ on the ‘Sharak 2030’ app. The app provides detailed data on approximately 10,000 projects, with a total cost of 96 billion Egyptian pounds, targeting 52 centers across 20 rural governorates, benefiting 18 million citizens in around 1,500 villages. \n— news from press.ahdath-alyom.com\n\n— News Original —\n\n\u0625\u0644\u064a\u0643\u0645 \u0639\u0631\u0636 \u062d\u0635\u0627\u062f \u0627\u0644\u062a\u062e\u0637\u064a\u0637 \u0648\u0627\u0644\u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0644\u0623\u0633\u0628\u0648\u0639.\n\n\u0623\u0635\u062f\u0631\u062a \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u062a\u062e\u0637\u064a\u0637 \u0648\u0627\u0644\u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u062a\u0646\u0633\u064a\u0642 \u0627\u0644\u062f\u0648\u0644\u064a \u062a\u0642\u0631\u064a\u0631\u0647\u0627 \u062d\u0648\u0644 \u0623\u0628\u0631\u0632 \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0648\u0627\u0644\u0641\u0639\u0627\u0644\u064a\u0627\u062a \u0627\u0644\u062a\u064a \u0634\u0647\u062f\u062a\u0647\u0627 \u062e\u0644\u0627\u0644 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0646\u062a\u0647\u064a… [truncated for brevity]