President El-Sisi met Prime Minister Mostafa Madbouly, Finance Minister Ahmed Kouchouk, and Minister of Planning and Economic Development Ahmed Rustom to follow up on the implementation of the government’s economic reform programme.
The discussions highlighted the need to continue fiscal reforms to maintain economic stability and support private sector growth, while sustaining activity in production, manufacturing, and exports through balanced, investment-friendly policies, Presidential Spokesperson Ambassador Mohamed El-Shennawy said.
The meeting also addressed efforts to enhance participatory development planning mechanisms to improve the efficiency of public investment and maximize the impact of projects and initiatives under Egypt Vision 2030.
Officials reviewed progress on accelerating the rollout of the Universal Health Insurance System and fast-tracking the presidential Haya Karima rural development initiative as priorities within the state’s investment plan.
The talks also covered the impact of ongoing regional tensions on global supply chains, trade flows, financial markets, and essential commodities, with emphasis on continued coordination among relevant authorities to maintain market stability and ensure that strategic reserves of basic goods remain at safe levels.
Proposals to support entrepreneurship and innovation were also discussed, including a comprehensive executive programme to improve the startup ecosystem and support job creation.
El-Sisi stressed the need to improve economic conditions, ensure that progress is reflected in citizens’ living standards, and increase private sector participation while expanding into new sectors.
He also underscored the importance of diversifying development financing sources, advancing infrastructure projects, engaging with regional and international initiatives, and supporting climate action and the transition to a green economy.
Egypt is currently implementing an $8 billion Extended Fund Facility (EFF) programme with the International Monetary Fund, agreed in 2024 as an expansion of an earlier 2022 deal, aimed at restoring macroeconomic stability and addressing foreign currency shortages.
In February 2026, the IMF approved the fifth and sixth reviews of the programme, alongside the first review under the $1.3 billion Resilience and Sustainability Facility (RSF). This unlocked about $2.27 billion in new financing and brought total disbursements to around $5.2 billion.
The programme has been extended to December 2026 to give Egypt more time to complete key structural reforms, particularly those related to fiscal consolidation, tax policy, and the management of state-owned enterprises.
According to IMF assessments, Egypt has made progress in stabilizing its economy, including lower inflation, improved foreign reserves, and steady growth. GDP is projected to reach around 4.7 percent in fiscal year 2025/2026.
However, the fund has repeatedly stressed the need to accelerate structural reforms, especially by reducing the state’s role in the economy, expanding private sector participation, and advancing asset divestment programmes.
Despite improvements, Egypt still faces significant external financing needs, estimated at around $13 billion for FY2025/2026, along with broader challenges linked to global economic volatility and regional tensions.
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