PM examines National Economic Transformation Programme

Prime Minister Mostafa Madbouly stated the federal government, completely coordination with the Central Bank of Egypt, was continuing work to settle the National Economic Transformation Programme, which is based upon an incorporated vision showing the state’s financial concerns for the coming duration.

“The program is being prepared in line with President Abdel Fattah al-Sisi’s instructions and intends to guarantee the combination of financial, financial, financial and sectoral policies and procedures, while creating a concrete effect on residents and the nationwide economy,”Madbouly stated.

He worried the value of Thursday’s conference, which comes as the federal government evaluations and validates information and figures offered by numerous ministries in order to settle the program’s targets and prepare its last draft for submission to President Sisi ahead of its main launch.

Madbouly made the remarks throughout a broadened conference to act on preparations for the program, gone to by Health and Population Minister Khaled Abdel Ghaffar, Electricity and Renewable Energy Minister Mahmoud Esmat, Finance Minister Ahmed Kouchouk, Social Solidarity Minister Maya Morsy, Agriculture and Land Reclamation Minister Alaa Farouk, Education and Technical Education Minister Mohamed Abdel Latif, Petroleum and Mineral Resources Minister Karim Badawi, Higher Education and Scientific Research Minister Abdel Aziz Konsowa, who is likewise acting Culture Minister, Labour Minister Hassan Raddad, Planning and Economic Development Minister Ahmed Rostom, Industry Minister Khaled Hashem, Deputy Finance Minister for Fiscal Policies Yasser Sobhy and authorities from appropriate ministries and federal government firms. Financial Investment and Foreign Trade Minister Mohamed Farid Saleh likewise got involved by means of videoconference.

Madbouly stated the federal government looked for through the program to develop an incorporated structure for the next stage, concentrating on reinforcing the Egyptian economy’s capability for sustainable development, raising efficiency and competitiveness and supporting sectors efficient in developing tasks and increasing the included worth, in line with local and worldwide financial advancements.

At the start of the conference, a variety of financial efficiency signs were evaluated, revealing that the Egyptian economy had actually shown strength in the face of different local and worldwide obstacles. Financial development increased to 5.1 percent in 2025/2026, compared to 4.4 percent the previous year, surpassing projections by significant global organizations.

The development was driven by numerous sectors, consisting of market and services such as telecoms and infotech. Month-to-month inflation likewise decreased in August to 12.7 percent, compared to 13 percent in the exact same month a year previously.

The federal government’s targets surpass attaining high development rates to executing a thorough financial improvement program based upon competitiveness and broadening personal financial investment in 5 essential sectors: market; farming and food processing; tourist; telecoms and infotech; and energy security.

The goal is to equate macroeconomic stability into sustainable development that produces exports and enhances living requirements across the country.

Preparation and Economic Development Minister Ahmed Rostom provided the program’s execution status and proposed timeline. He stated previous efforts and programs carried out before the National Economic Transformation Programme had actually been examined over current months, while assessments had actually been accepted pertinent ministries and firms on the brand-new program’s pillars.

In-depth information is presently being validated in coordination with different ministries following the preparation of the program’s preliminary draft, with the last variation to be finished before being sent to the political management and after that formally introduced.

Rostom stated 11 conferences had actually been accepted pertinent ministers, in addition to more than 34 technical conferences to go over reform procedures and top priorities throughout various sectors. These conferences took a look at the existing financial circumstance and the crucial difficulties dealing with the Egyptian economy, including its structure and performance, public financial resources and funding capability, external signs and international obstacles, human capital and demographics, in addition to institutional financial reform.

He stated the method of the National Economic Transformation Programme was based upon a number of pillars, consisting of reinforcing strength and stability and attending to crises, empowering an efficient and competitive economic sector, broadening task chances and enhancing lifestyle.

“The program likewise constructs on previous experience acquired through the National Dialogue, the nationwide story and structural reforms, to name a few efforts. It sets financial and sectoral concerns while taking humanitarian factors to consider into account,” he included.

At the conclusion of the conference, Madbouly worried the requirement for extensive confirmation and evaluation of the information to complete the program and send it to the president in the coming duration.