Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr. Rania Al-Mashat, held a high-level meeting with international institutions, UN agencies, and financial organizations to present Egypt’s new framework for economic development. The meeting brought together representatives from over 20 UN agencies, the World Bank, and the Islamic Development Bank, who all expressed support for Egypt’s vision of sustainable growth.
Dr. Al-Mashat welcomed the delegates and shared insights from her recent participation in the World Bank’s annual meetings in Washington, where global leaders discussed reforms in the financial system, economic growth strategies, climate action, and food security—all priorities reflected in Egypt’s new development framework.
Dr. Al-Mashat introduced Egypt’s new economic development framework, which is grounded in three core pillars:
Data-Driven Policy: Building economic policies based on data and evidence to ensure effectiveness in areas such as human capital, industrial growth, SMEs, sustainable infrastructure, and green investments. This approach includes monitoring progress to maximize outcomes.
Resilient Economy: Focusing on macroeconomic stability and resilience through structural reforms that improve competitiveness, fiscal stability, and advance the green transition.
Optimizing Resource Allocation: Implementing an integrated financing framework to mobilize both domestic and international funds, channeling resources toward priority sectors, and accelerating progress on the Sustainable Development Goals (SDGs).
The framework aims to achieve sustainable economic growth by combining planning, economic development, and international partnerships. Dr. Al-Mashat emphasized that this new model translates national strategies into impactful development projects, with global partners providing financing and technical support.
Dr. Al-Mashat highlighted the importance of Egypt’s Planning Law of 2022 in institutionalizing a strategic, evidence-based approach to development. The law, along with its upcoming executive regulations, requires data analysis and regular evaluation to align development goals with national priorities. This new legislation allows Egypt to ensure that all planning decisions are based on comprehensive data, creating a more effective and transparent planning system.
The government has adopted a structured approach to public investment, allocating resources for human and social development (42%), industrial growth and infrastructure (37%), and local development (21%) in the fiscal year 2024/2025. Dr. Al-Mashat outlined a phased approach to enhance the efficiency of investment governance, focusing on three stages: planning, allocating, and monitoring. A new financial model has been developed to direct funding to underserved regions, prioritizing equitable distribution based on local needs and human development indicators.
In collaboration with the United Nations, Egypt launched its Integrated National Financing Strategy at the Future Summit held during the UN General Assembly. Aligned with the National Structural Reforms Program and the Sustainable Sovereign Financing Framework, the strategy aims to mobilize resources for critical sectors, including social protection, healthcare, education, climate resilience, and women’s empowerment.
Dr. Al-Mashat noted that this financing strategy supports Egypt’s progress on sustainable development and highlighted the significance of the upcoming Fourth International Conference on Financing for Development in Spain in 2025, which will focus on equitable financing in the international system.
Dr. Al-Mashat emphasized Egypt’s commitment to macroeconomic stability and governance, underlining the importance of private sector involvement. The government’s policy focus includes ensuring efficient resource allocation, supporting public investment, and aligning priorities with international best practices.
Throughout the meeting, international institutions and UN representatives affirmed their commitment to supporting Egypt’s economic goals. Ms. Elena Panova, UN Resident Coordinator in Egypt, highlighted the UN’s dedication to aligning national priorities with global objectives and emphasized the importance of ongoing dialogue between the Ministry and development partners.
Representatives from the World Bank, Islamic Development Bank, and various UN agencies acknowledged Egypt’s successful integration of planning and international cooperation. High-level attendees, including Dr. AbdulHakim ElWaer from FAO and Cristina Albertin from UNODC, reaffirmed their organizations’ support for Egypt’s sustainable development initiatives.
This collaborative engagement demonstrates Egypt’s active role in global development, with strong partnerships and a clear vision for economic growth.
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