Social solidarity minister reviews progress of economic empowerment financial system

Maya Morsy, Egypt's Minister of Social Solidarity, held a meeting with the team overseeing the Strategic Financial System for Economic Empowerment at the ministry. Hala El-Said, the president's economic adviser, was present. Discussions emphasized that economic empowerment has become a central strategic pillar for the ministry.

Maya Morsy, Egypt's Minister of Social Solidarity, convened a meeting with the team responsible for the Strategic Financial System for Economic Empowerment at the ministry.

Hala El-Said, economic adviser to the president, attended the session, where participants reviewed the program's progress.

The discussions underscored that economic empowerment has emerged as a central strategic pillar for the Ministry of Social Solidarity.

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Egypt is seeking to align international development support with state fiscal reform priorities to maximise the effectiveness of technical and financial aid, Deputy Finance Minister for Fiscal Policy Yasser Sobhi said on Saturday. Speaking at the third annual meeting of the Public Financial Management coordination committee, Sobhi stated that the ministry is committed to completing its management development path by deepening cooperation with international partners. This coordination aims to support the implementation of reform efforts, stimulate economic growth, and improve the efficiency of public services and social protection programmes.

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Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, met with House Speaker Hesham Badawi ahead of his appearance before the Energy and Environment Committee. The minister outlined the ministry's strategy to safeguard electricity supply security and sustainability, advance the energy transition, and expand renewable energy use. Esmat reassured lawmakers about the national electricity system's performance and its ability to provide stable, uninterrupted power.

Mohamed El-Shimy, Minister of the Public Enterprises Sector, stated that Egypt is steadily advancing toward a strong, competitive, and sustainable economy based on industry, production, exports, and investment, with youth at the core of the development process as a cornerstone of the 'New Republic'.

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Ahmed Rostom, Minister of Planning and Economic Development and chair of the National Investment Bank (NIB), led a board meeting to assess restructuring progress aimed at enhancing its role as the government's development arm. Attendees included Hussein Eissa, Deputy Prime Minister for Economic Affairs, and Mohamed Farid Saleh, Minister of Investment and Foreign Trade. Discussions centered on boosting public investment efficiency and digital database integration.

 

 

 

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