Egypt’s Minister of Planning and Economic Development Ahmed Rostom held talks on Thursday with officials from the World Bank on strengthening cooperation to support the country’s economic reform programme and attract foreign investment.
The meeting, attended by Stephane Guimbert, the Bank’s Regional Director for Egypt, Yemen and Djibouti, focused on advancing a foreign direct investment (FDI) strategy and aligning new initiatives under Egypt’s upcoming economic and social development plan.
Rostom said the World Bank remains a key partner in supporting Egypt’s development agenda, particularly in improving the investment climate and enhancing economic competitiveness. He reaffirmed the government’s commitment to working closely with international institutions to sustain macroeconomic stability and draw in strategic investments.
The minister also outlined the country’s economic and social development plan for the 2026/2027 fiscal year and its medium-term framework through 2029/2030, which have been presented to parliament.
The plan targets economic growth of 5.4% in the 2026/2027 fiscal year, rising to 6.8% by the end of the medium-term period. Total investments are projected at around 3.7 trillion Egyptian pounds, with the private sector’s contribution expected to increase gradually to 64% by 2030.
Rostom said the strategy prioritises sustainable growth, higher productivity, and human development, alongside efforts to raise living standards. It also places emphasis on the presidential “Haya Karima” initiative, while scaling up investments in health and education, strengthening social protection systems, and expanding infrastructure and essential services.
World Bank officials welcomed Egypt’s reform efforts in recent years, saying they had helped improve macroeconomic stability and key economic indicators, while making the country more attractive to investors. They stressed the need to maintain reform momentum to support competitiveness and ensure long-term growth.
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