Arab Finance: The Ministry of Planning, Economic Development and International Cooperation announced the annual harvest report for the year 2024, which included many developments in light of developments in the Egyptian economy and the formation of the new government, and the merger of the Ministries of Planning, Economic Development and International Cooperation, to achieve integration between the two files, maximize the benefit from concessional development financing and reach harmony and coordination. Between the investment plan and international partnerships.
The Ministry of Planning, Economic Development and International Cooperation developed an integrated framework for sustainability and financing for economic development, following the merging of the two ministries, which works to bridge development gaps by integrating qualitative growth to become the government’s top priority. The Ministry’s new framework aims to achieve qualitative growth in Egypt, based on On three main axes: Identifying and closing development gaps in various sectors, enhancing macroeconomic stability, implementing structural reforms, allocating and optimal exploitation of resources, and stimulating private sector investments.
The ministry’s framework also includes formulating economic development policies supported by evidence and data, focusing on human development, industrial development, small and medium enterprises, technology, entrepreneurship, sustainable infrastructure, green investments, and others, monitoring and evaluation, and building a flexible economy capable of withstanding shocks. : By working to enhance macroeconomic resilience and stability, and implementing structural reforms to increase competitiveness, improve the business environment, support the flexibility of macro-financial policies, and shift towards a green economy.
In a related context, the Ministry of Planning, Economic Development and International Cooperation has begun preparing the draft economic and social development plan document for the fiscal year 2025/2026 (according to the medium-term budget framework 2025/2026-2028/2029), in consultation, coordination and cooperation with all ministries, public bodies, governorates and the sector. Private and civil society within the framework of the commitment to implement the General Planning Law No. (18) of 2022, as well as the Unified Public Finance Law No. (6) of the year 2022 and its executive regulations, where the state’s general budget will be prepared on the basis of preparing the medium-term budget framework (for the budget year and the next three fiscal years), (each fiscal year separately), within the framework of participatory budgeting and an integrated planning system based on inclusive growth, sustainability standards, and achieving Efficiency of public spending within the framework of comprehensive and balanced development to achieve the goals of long-term national planning and the medium- and short-term priorities of the state.
The Ministry has also begun, within the framework of the Ministry’s new work approach – to prepare for the economic and social development plan for the coming year 25/2026, which will be discussed successively with all ministries and state agencies – according to a comprehensive development perspective starting from basic foundations, starting with the goals and principles of Egypt’s Vision 2030, and including: It integrates with the priorities of the government’s work programme, strategies and sectoral plans, and within the framework of the effective application of modern trends in the General Planning Law, and in a way that supports efforts aimed at stimulating the role of the private sector in sustainable development through the implementation “State ownership policy.
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