Finance minister seeks closer cooperation with Mostakbal Misr for economic growth

Egypt's Finance Minister Ahmed Kouchouk announced that his ministry seeks to deepen ties with the Mostakbal Misr for Sustainable Development Authority to support economic growth and create sustainable jobs. The statement came during a meeting with executive director Bahaa El-Ghannam at the authority's headquarters.

Egypt's Finance Minister Ahmed Kouchouk met with Bahaa El-Ghannam, executive director of the Mostakbal Misr for Sustainable Development Authority, at its headquarters to discuss strengthening coordination in support of the country's sustainable development agenda. Kouchouk stated that the partnership will focus on development projects that generate sustainable employment opportunities and promote greater private sector participation in key investment sectors. He emphasized efforts to maximize the use of the state's financial resources and assets to diversify income streams and boost productivity. The discussions covered priority areas such as supporting economic growth, increasing employment levels, and encouraging investments that create sustainable jobs for young people. They also explored ways to develop small and medium-sized enterprises (SMEs) and expand private sector involvement in development projects, aligning with the state's fiscal policy framework and Egypt Vision 2030 objectives. For his part, El-Ghannam said enhanced cooperation with the Ministry of Finance is a key step toward accelerating comprehensive development. He reaffirmed the authority's commitment to delivering national projects with lasting economic and social impact, operating under an integrated vision to optimize state resources, foster an attractive investment environment, and strengthen the private sector's role in supporting sustainable job creation and broader economic growth.

ተያያዥ ጽሁፎች

Ahmed Rostom, Egypt's Minister of Planning and Economic Development, met with Abdel Aziz Al Mulla, Executive Director for Arab countries at the World Bank, and Hisham Seif, Alternate Executive Director, to explore ways to deepen cooperation between Egypt and the World Bank Group. The meeting supports Egypt's path toward comprehensive and sustainable development and the goals of Egypt Vision 2030. Discussions focused on development financing and employment programs.

በAI የተዘገበ

Egypt's Finance Minister Ahmed Kouchouk said the government is working to reduce budget sector debt and the overall deficit while maintaining a primary surplus to lower debt servicing costs and create greater fiscal space for human development and social protection. He added that efforts are underway to diversify financing sources with a focus on development financing and the domestic market alongside a gradual reduction in reliance on commercial borrowing.

Egypt's Finance Minister Ahmed Kouchouk stated that the country is opening its doors to increased investment inflows, supported by strong competitive advantages and an enabling, attractive business environment. Speaking at a meeting of the Council of the Union of Arab Chambers of Commerce, Industry and Agriculture, Kouchouk explained that the government's tax and customs facilitation initiatives are designed to build trust and foster partnership with the business community, while delivering rapid and tangible results on the ground.

በAI የተዘገበ

Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms to safeguard economic stability and accelerate private sector growth, amid regional conflicts impacting markets and global supply chains.

 

 

 

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