World Bank Global Director Arturo Herrera Gutierrez stressed the need to better measure state assets during talks with Egyptian officials on public finance reforms.
Herrera Gutierrez met Deputy Prime Minister for Economic Affairs Hussein Eissa and Minister of Planning and Economic Development Ahmed Rostom in Cairo on May 12. The discussion focused on improving public investment efficiency, restructuring state-owned enterprises, and strengthening governance.
Eissa highlighted Egypt’s strategy to separate ownership from management in state companies. He said success hinges on operational effectiveness rather than ownership structures alone.
The government is reorganizing public entities and modernizing cost accounting systems. Officials aim to expand private sector roles while balancing economic efficiency with development goals.