I wonder if the economic reform policies in Egypt will reach a point, and what has happened in recent years… and what are the latest efforts of the Ministry of Economic Development in this file… we will tell you all the details in this report.
In the last hours, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, met with Orlik Vestergaard Knudsen, Deputy Secretary-General of the Organization for Economic Cooperation and Development (OECD), which was part of the activities of his first visit to Egypt.
The meeting witnessed comprehensive discussions between the two sides about the close partnership and implementation of the OECD country program in Egypt, which of course supports efforts to formulate economic policies and structural reforms.
Hence, Al-Mashat said that she very much appreciates the OECD team because of their strong support and efforts within the framework of the country program for Egypt, which had an important role in advancing the development agenda in Egypt. She also stressed that Egypt is keen to strengthen cooperation with the OECD. And move forward with the implementation of the agreed-upon program, especially in light of the great importance the state attaches to implementing structural reforms that provide more opportunities for the private sector. To drive growth rates, and implement the new government program for the next 3 years, and all of this, of course, supports the development vision in Egypt.
We can say that there are 5 main pillars of the government in its economic reform policies, which are economic stability and structural reform, technology, innovation and digital transformation, public governance and anti-corruption, statistics and follow-up, and sustainable development.
For this reason, the government is now working to intensify coordination with the relevant parties, agencies and ministries in Egypt to complete the implementation of the country program, and to build on what was achieved during the previous period, because a number of country program projects have been completed in cooperation with national partner agencies, including the launch of the economic report. The first for Egypt, prepared by the Organization for Economic Cooperation and Development.
We can also say that the government is communicating continuously with various national bodies to follow up on the executive position of the recommendations contained in the report and to benefit from these recommendations in formulating policies and procedures whose goal is to enhance the performance of the Egyptian economy, which is represented in a number of important axes, including achieving macroeconomic stability, Increasing the efficiency of financial and monetary policies, enhancing the investment environment and increasing the participation of the private sector in the economy, in addition to enhancing the efficiency of the labor market, creating decent job opportunities, and supporting the transition towards a green economy.
In addition to all of this, the Ministry of Economic Development is now planning to implement the second phase of the national strategy for artificial intelligence, and this will contribute to including Egypt in the digital transformation toolkit, and all of this will help the Egyptian government in assessing the state of digital transformation and formulating appropriate policies that will enhance digital transformation. In all fields, and all of this, of course, reflects positively on economic reforms and the Egyptian economy.
In the end, we can say that economic reform policies in Egypt are on the right path, and all of this will be translated into reality during the coming period.
