Arab Finance: Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, met with the leaders of the global Jeffers Financial Group, one of the largest investment and asset management solutions companies in the world, in the presence of 75 international companies. She also held a meeting with the JPMorgan International Bank Group and a number of investors, to review the most prominent… Results of the economic and structural reform program in Egypt.
During the meeting, Dr. Rania Al-Mashat presented what has been achieved at the level of economic and structural reform in the past period, and the efforts made by the state to enhance macroeconomic stability, improve the business environment, and build a competitive economy that attracts investments, despite the surrounding regional and global crises, which affect developing countries in a major way. general.
She also explained that the GDP growth rate reached 2.4% in the last fiscal year, due to geopolitical tensions and their impact on the activity of the Suez Canal, and the challenges that faced the Egyptian economy before the start of the economic reform program last March, adding that despite this, economic expectations remain Egypt has a positive outlook, as it enjoys support from international financial institutions and development partners.
Regarding economic and structural reforms in Egypt, Dr. Rania Al-Mashat said that over the past years, Egypt has embarked on implementing economic reforms aimed at promoting strong, comprehensive and sustainable growth, referring to the results of the National Program for Structural Reforms, which was implemented by the government, in coordination with international partners, based on On three main axes: enhancing macroeconomic resilience, enhancing economic competitiveness and improving the business environment, and supporting economic diversification and green transformation, in order to consolidate macroeconomic stability and stimulate the role of the private sector as an essential partner in advancing economic development and supporting the green transition, in a way that opens horizons. future to achieve comprehensive and sustainable development.
She stressed the importance of structural reforms in stimulating domestic and foreign investments in priority sectors, pointing to the reforms she made in the renewable energy and electricity sectors, which contributed to increasing foreign investments in this vital sector.
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