Deputy Prime Minister for Economic Affairs Hussein Eissa said the State economic policies are aimed at stimulating the private sector, expanding its participation and encourage it to lead sustainable economic growth in a way that enhances competitiveness, productivity, efficiency and transparency.
Eissa made the remarks during a meeting at the Cabinet's headquarters in the New Capital with Chitose Noguchi, UNDP Resident Representative in Egypt, as they discussed areas of cooperation, in the presence of Deputy Foreign Minister for International Cooperation Samar El Ahdal, Assistant Resident Representative and Head of Climate Change and Environment Programmes at UNDP Egypt Mohamed Bayoumi, and Head of Policy and Partnerships Team at UNDP Egypt Reham Youssef.
The deputy prime minister welcomed the UNDP delegation and praised the long-standing collaboration between the two sides, describing the United Nations Development Programme as a key partner to the Egyptian government in supporting economic priorities and achieving comprehensive and sustainable development.
Eissa posted the UNDP delegation on the State Ownership Policy Document and its role in maximizing private sector participation as a key partner in driving economic growth, creating jobs and boosting Egypt’s competitiveness regionally and internationally. The deputy premier also reviewed structural reforms being implemented by the State to improve performance, raise institutional efficiency and ensure the financial sustainability of state-owned assets.
He underlined Egypt’s commitment to supporting entrepreneurship and promoting micro, small and medium-sized enterprises, describing entrepreneurship as a key pillar for growth. “All national bodies are working to facilitate procedures for innovative projects, provide incentives and create an enabling environment for startups to accelerate development,” he said.
The deputy prime minister also highlighted government efforts aimed at facilitating and accelerating procedures for the private sector, investors, startups and entrepreneurs. For her part, Noguchi lauded the Egyptian government’s development efforts, saying the UNDP is keen to deepen future cooperation with Egypt.
She said the UNDP supports the achievement of sustainable development goals in Egypt through backing economic governance policies, structural reforms, development financing, private sector support, green transition efforts and institutional capacity building. Noguchi also highlighted the UNDP expertise in entrepreneurship and startup support, pointing to cooperation with Egypt’s Micro, Small and Medium Enterprise Development Agency.
She added the UNDP focuses on providing technical support to improve the enabling environment for SMEs and apply international standards to facilitate access to financing and knowledge tools, helping ensure their growth and sustainability.