Egypt has secured $9.5bn in concessional financing to support its state budget since early 2023, tied to structural and sectoral reforms, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced. She emphasized that reforms promoting growth and employment will continue as the country shifts from addressing challenges to building stability.
Rania Al-Mashat spoke at the Hapi Newspaper Conference on economic competitiveness on Tuesday, noting the government's adherence to an investment spending cap of EGP 1trn for the 2024/25 fiscal year. Preliminary data indicated actual public investments reached EGP 922bn, or 92% of the target, easing pressures on the general budget and debt while allowing the private sector to claim 63% of total investments this year.
Al-Mashat stated: “Economic policy has become more predictable, enhancing the confidence of the business community and investors,” adding that “2026 will witness a different shift for the Egyptian economy.” Concessional financing for the private sector since 2020 has surpassed $15bn, including $5bn via the NWFE energy program for firms such as Infinity Power, AMEA Power, ACWA Power, and Scatec.
Looking forward, the ministry is collaborating with the Finance Ministry on the Economic and Social Development Plan and a Medium-Term Budget Framework for 2026/27–2029/30, tied to performance-based methods for spending efficiency. Upcoming financing includes €1.8bn through the European Investment Guarantee mechanism, plus equity from international bodies. The state continues labor market reforms and has introduced a unified definition for startups to access government incentives.
Attendees included Finance Minister Ahmed Kouchouk, Public Business Sector Minister Mohamed Shimi, and Financial Regulatory Authority Chairperson Mohamed Farid.