Minister of Investment and Foreign Trade Hassan al-Khatib and Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat on Saturday received the International Monetary Fund (IMF) mission in several separate meetings as part of the fifth and sixth reviews for the joint cooperation program between Egypt and the IMF.
During the first meeting, Khatib expressed his optimism regarding the progress of the reviews.
The most important economic developments and ongoing reforms were discussed.
The Egyptian economy continues to move in the right direction and that many indicators are performing better than expected in light of the program agreed upon with the IMF, he noted – reflecting the strength of the measures taken by the state and its ability to achieve tangible results.
Khatib pointed out that the government is proceeding according to a clear and specific reform vision, based on disciplined policies that support macroeconomic stability and provide the private sector with greater room for growth.
He added that it is also focused on improving the investment climate and enhancing the efficiency of the trade system as a fundamental component of the growth equation.
IMF confirms positive outlook
The IMF mission commended the significant progress they observed in the areas of investment and trade, affirming that Egypt’s economic vision has become clearer and more coherent.
The IMF officials confirmed that the discussions are proceeding positively.
The delegation’s second meeting with Mashat included a presentation on the most significant developments in economic and structural reforms and the growth model within the “National Narrative for Economic Development.”
The minister explained that the government launched the “National Narrative for Economic Development,” which represents a comprehensive framework that integrates Vision 2030 with the government’s program.
It also translates sectoral strategies and directions into clear indicators and targets, and strengthens the shift in Egypt’s economic growth model towards greater production and export-oriented growth.
