Egypt is committed to fiscal discipline and structural reform to strengthen macroeconomic stability, Minister of Planning and Economic Development Ahmed Rostom said during talks with a French delegation on geopolitical developments and bilateral economic cooperation.
Rostom said the government is intensifying efforts to secure energy supplies and maintain a strategic stockpile of essential commodities, while also working on innovative financing mechanisms for infrastructure projects to expand private sector participation.
He added that Egypt is currently developing new financing frameworks in cooperation with the World Bank to ensure sustainable funding for infrastructure, improve competitiveness, and increase private sector involvement in national development projects.
The remarks came during an expanded meeting with a delegation from the French Ministry of Finance led by Paul Teboul, Assistant Minister of the French Treasury, and in the presence of French Ambassador to Cairo Eric Chevallier.
Discussions focused on the impact of ongoing geopolitical tensions and rising energy prices on global development paths, as well as their implications for Egypt and the wider region.
Rostom highlighted that Egypt’s economy recorded 5.3% growth in the first half of the current fiscal year, despite global uncertainty, stressing that this reflects the resilience of the economy supported by structural reforms.
He reiterated the government’s commitment to reform and fiscal discipline, noting that Egypt has taken proactive measures to manage pressures, including steps to rationalize consumption and raise public awareness around resource use.
On energy security, the minister said Egypt is expanding renewable energy capacity, boosting exploration activities, and ensuring adequate strategic reserves of key goods.
He also underscored the government’s strategy to maximize private sector participation in major projects as a driver of sustainable growth.
The French delegation praised Egypt’s handling of global economic pressures, describing its approach as “proactive, gradual and transparent,” according to feedback from around 200 French companies operating in the Egyptian market.
They also reaffirmed France’s commitment to supporting innovative financing tools for priority development projects, citing Egypt’s diversified economy and strong investment opportunities.
