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.
The meeting reviewed progress in the bank's restructuring, focusing on strengthening its contributions to Egypt's economic and social development plan. Rostom emphasized that the restructuring is a top state priority, aiming to transform NIB into an institutionalized tool for executing development projects while leveraging its affiliated companies in employment, entrepreneurship, and start-ups initiatives.
Board members discussed proposals to maximize returns on the investment portfolio and support emerging opportunities, alongside linking funding allocations to actual project implementation rates and digitally integrating databases between the Ministry of Planning and Economic Development, the Ministry of Finance, and NIB for better decision-making.
Rostom highlighted government efforts to improve public spending efficiency through coordination among NIB and the two ministries, aligning with a shift to programme- and performance-based budgeting. He directed the provision of resources to advance the bank's digital infrastructure and adopt advanced technological solutions, in line with presidential directives to accelerate economic development and boost private sector participation.
The board includes prominent figures such as Hussein Eissa, Mohamed Farid, Ashraf Negm, Osama Saleh, Mohamed El-Etreby, and others.