Cairo: Minister of Planning and Economic Development Ahmed Rostom engaged in discussions with World Bank representatives on strategies to bolster partnerships that support Egypt's ongoing economic reforms and foreign direct investment initiatives. The talks also focused on the country's economic and social development plan for the upcoming fiscal year.

According to State Information Service Egypt, the meeting included the participation of Stephane Guimbert, World Bank Regional Director for Egypt, Yemen, and Djibouti, along with his team. Minister Rostom highlighted the enduring cooperation between Egypt and the World Bank, emphasizing the Bank's vital role in supporting development policies and improving the investment climate.

The discussions underscored the government's dedication to collaborating with international institutions to maintain macroeconomic reforms and attract strategic investments. Rostom reviewed the economic and social development plan for FY 2026/2027, as well as the medium-term framework for 2027/2028-2029/2030, previously presented to parliament. The plan aims for sustainable economic growth, productivity improvements, and enhancing the standard of living, targeting a growth rate of 5.4% in FY 2026/2027, rising to 6.8% by the end of the medium-term plan.

The proposed total investments are projected at EGP 3.7 trillion, with a goal to gradually increase the private sector's contribution to 64% by 2030. The plan prioritizes the 'Haya Karima' initiative, while also focusing on expanding investments in health, education, social protection, and infrastructure to ensure inclusive and sustainable growth.

World Bank officials commended Egypt's economic reform program, noting that these efforts have improved macroeconomic stability and created a more attractive investment environment. They stressed the importance of continuing these reforms to enhance competitiveness and secure long-term economic growth.