Prime Minister Moustafa Madbouly chaired a meeting of the Economic Ministerial Group at the government headquarters in the New Capital on Tuesday, June 10, 2026, to review a number of priority economic issues and developments. The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Eissa, Central Bank of Egypt Governor Hassan Abdullah, Minister of Finance Ahmed Kouchouk, Minister of Supply and Internal Trade Sherif Farouk, Minister of Investment and Foreign Trade Mohamed Farid, Minister of Planning and Economic Development Ahmed Rostom, Minister of Industry Khaled Hashem, Financial Regulatory Authority Chairman Islam Azzam, Cabinet Information and Decision Support Center Chairman Osama El-Gohary, and State-Owned Enterprises Unit CEO Hashem El-Sayed.
The group reviewed the latest developments in Egypt’s economic reform program being implemented jointly by the government and the Central Bank in cooperation with the International Monetary Fund, as well as progress related to the program’s seventh review. During the meeting, officials noted that all quantitative performance criteria for March 2026 had been met, including targets related to the primary budget surplus, tax revenues, and proceeds from state asset offerings transferred to the budget, spending on social protection programs and healthcare and the completion of several privatization transactions, most recently the Gabal El-Zeit deal signed with Alcazar Energy.
Finance Minister Ahmed Kouchouk reviewed a package of structural and legislative reforms currently being finalized. Investment and Foreign Trade Minister Mohamed Farid presented an update on the Economic Entities Platform, one of the government's key digital transformation initiatives aimed at modernizing investment services and improving the business environment.
Farid explained that the platform is designed as an integrated digital system that unifies investment services through a central portal linking government entities and providing investors with a seamless digital experience supported by advanced technological infrastructure and institutional governance mechanisms.
He added that the platform is intended to serve as a single gateway for investors from business establishment through exit procedures, initially integrating services offered by the General Authority for Investment and the Commercial Registry, with the flexibility to incorporate additional government entities without altering the platform’s structure.
The minister also reviewed other digital transformation projects, including a platform for collecting and analyzing corporate financial statements, a system for handling investor complaints and grievances, a free zones platform, the digital platform of the Export Development Fund and a renewable energy project registration platform.
Planning and Economic Development Minister Ahmed Rostom presented a report on inflation and commodity prices for May 2026, noting that annual inflation declined significantly to 13 percent, signaling a slowdown in inflationary pressures and a moderation in price increases compared with previous months.
The report showed that monthly inflation eased to 1.2 percent in April and 1.4 percent in May after peaking at 3.3 percent in March 2026, indicating a shift toward more moderate price growth despite ongoing structural factors linked to production costs and global economic developments.
The report also highlighted relative stability in the prices of several strategic commodities between May 24 and June 7, including red meat, edible oils and certain agricultural products, while prices of eggs and fish recorded declines.