The government is stepping up final preparations for the Egypt Forum, scheduled to take place from October 19 to 24, Cabinet spokesman Mohamed Adel said.Prime Minister Moustafa Madbouly is continuing to hold meetings with relevant ministers to discuss the main topics to be addressed during the forum, particularly economic issues, which will be the focus of the entire fourth day, the spokesman said.In a phone-in interview with Extra News’ “Hatha al-Sabah” program, Adel said the forum would feature a key working session during which the government would review Egypt’s economic performance over the past years and present its vision for the economic transformation program through 2030.
The program aims to promote sustainable growth, strengthen the foundations of the national economy and enhance its ability to withstand challenges in the coming period, he added.Adel noted that Egypt had achieved a number of economic gains and implemented reforms in recent years, reflected in key macroeconomic indicators.
The economic growth rate rose to 5.01%, while the debt-to-GDP ratio declined from 95.5% in fiscal year 2022/2023 to 81.9% in the previous fiscal year. Unemployment also fell, while employment rates increased. He also said the economic program for the coming period aims to transition to a more sustainable growth model, building on the reforms already achieved and strengthening the national economy’s capacity to expand.
All efforts would help create greater fiscal space, generate additional resources to improve public services and increase spending on priority sectors.Regarding efforts to stimulate domestic investment and expand partnerships with the private sector, Adel said the government would present its vision for the new economic program at the forum.The program will focus on increasing productivity across economic sectors, strengthening the private sector’s role in economic activity, encouraging investment, expanding partnerships with private institutions, and supporting small and medium-sized enterprises and entrepreneurship, he added.Adel further said greater private sector participation, investment support and entrepreneurship are key pillars of the new economic program, helping improve economic performance, enhance Egypt’s competitiveness and advance development targets over the coming years.
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