Minister of Planning and Economic Development Ahmed Rostom had talks on Thursday, April 30, 2026, with representatives of the World Bank (WB) on means of strengthening partnerships in support of the country’s ongoing economic reform efforts, the development of a foreign direct investment strategy, and new initiatives planned under the upcoming fiscal year’s economic and social development plan.
The meeting was attended by WB Regional Director for Egypt, Yemen, and Djibouti Stephane Guimbert, along with his team.
The Minister highlighted the long-standing cooperation between Egypt and the Bank, noting that it plays a key role in supporting development policies, improving the investment climate, and enhancing economic competitiveness.
Rostom emphasized the government’s commitment to working closely with international institutions to sustain macroeconomic reform and attract strategic investments.
He also reviewed the economic and social development plan for FY 2026/2027 and the medium-term framework for 2027/2028–2029/2030, previously presented to parliament.
The plan focuses on sustainable economic growth, productivity improvements, human development, and raising the standard of living. It targets a growth rate of 5.4% in FY 2026/2027, increasing to 6.8% by the end of the medium-term plan, with total investments projected at EGP 3.7 trillion and a gradual increase of the private sector’s contribution to 64% by 2030.
The Minister further noted that the plan prioritizes the presidential initiative ‘Haya Karima’ (Decent Life), while expanding investments in health and education, strengthening social protection, and advancing infrastructure and essential services to ensure inclusive and sustainable growth.
World Bank officials praised Egypt’s economic reform program implemented over recent years, noting that these measures have improved macroeconomic stability, enhanced economic indicators, and created a more attractive investment climate. They underscored the importance of sustaining these reforms to boost competitiveness and ensure long-term economic growth.
