Minister of Foreign Affairs, International Cooperation and Expatriates Badr Abdelatty said empowering the private sector is a key priority for the Egyptian government, describing it as the main engine of economic growth.
His remarks came during a meeting on Tuesday, April 14, 2026, with Managing Director of the Multilateral Investment Guarantee Agency (MIGA) Tsutomu Yamamoto, on the sidelines of the Spring Meetings of the World Bank and the International Monetary Fund in Washington, in the presence of Planning and Economic Development Minister Ahmed Rostom and Deputy Prime Minister for Economic Affairs Hussein Issa.
Abdelatty said the state is working to create an attractive investment environment through a comprehensive package of reforms, including tax and customs incentives, simplifying procedures through digital transformation and upgrading the legislative framework to ensure transparency and a level playing field.
He expressed appreciation for MIGA’s vital role in supporting Egypt’s investment climate, noting that its guarantees have helped boost investor confidence, particularly in strategic sectors such as renewable energy and banking, supporting the state’s direction toward expanding the role of the private sector in the economy.
The minister also voiced hope for strengthening cooperation frameworks with the agency in the coming period and expanding the joint project portfolio, in line with the state’s strategy to empower the private sector and enhance its contribution to economic activity, describing partnership with MIGA as an effective tool for attracting investments and mobilizing foreign financing into Egypt.
He stressed the government’s commitment to continuing the implementation of its economic reform program to achieve inclusive and sustainable growth, enhance the efficiency of financial and economic resource management and reinforce stability and confidence in the national economy.
Abdelatty reaffirmed the priority given to the private sector, pointing to the government’s commitment to the State Ownership Policy Document and highlighting the increase in private sector investments during the first quarter of the 2025/2026 fiscal year, along with positive macroeconomic indicators prior to the current crisis.
He also addressed the impact of regional military escalation on the global economy, noting that the government’s response has focused on three main pillars: securing energy supplies, strengthening food security and maintaining fiscal discipline.
The minister further pointed to proactive measures taken by the government to mitigate the economic impact of the crisis and preserve financial stability.
For his part, Yamamoto expressed appreciation for ongoing cooperation with Egypt, particularly in renewable energy, manufacturing, infrastructure and financial services, affirming MIGA’s keenness to further strengthen cooperation in support of Egypt’s investment environment.
