Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat announced that public investments for FY 2025/2026 have been capped at EGP 1.16trn, as part of government efforts to ensure fiscal discipline, maintain the downward trajectory of public debt, and safeguard macroeconomic stability. The Minister made the remarks during her meeting with Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group, at the Ministry's headquarters in the New Administrative Capital. The two sides discussed ways to strengthen Egypt's strategic partnership with the World Bank in support of national economic and social development priorities. Al-Mashat reaffirmed the government's commitment to advancing fiscal and structural reforms, enhancing private sector participation, and expanding green investments in line with Egypt's long-term development vision. She highlighted the launch of Egypt's Narrative for Economic Development: Reforms for Growth, Jobs & Resilience, a comprehensive framework that integrates Egypt Vision 2030 with the Government's Action Program while accounting for global and regional challenges. She explained that this narrative builds on more than a decade of investments in infrastructure—spanning roads, energy, ports, and smart transport systems—designed to strengthen the business climate, raise productivity, and attract greater investment. The framework also prioritises diversifying the production base, boosting exports, rationalising imports, strengthening competition policy, and protecting low-income groups, alongside implementation of the State Ownership Policy Document to expand private sector participation. Al-Mashat further underscored that Egypt maintains one of the World Bank's largest portfolios in the Middle East and North Africa. This includes more than $6bn in commitments from the International Bank for Reconstruction and Development (IBRD) across 13 projects; an IFC portfolio exceeding $2bn; and nearly $700m in guarantees from the Multilateral Investment Guarantee Agency (MIGA) supporting strategic investments in energy and logistics. For her part, Kant reiterated the World Bank Group's strong support for Egypt, citing the Framework for Financial Incentives (FFI) launched in 2025 and debt-for-development swap initiatives, which direct additional resources into education, health, and environmental protection. The discussions also touched on Egypt's fiscal reform priorities, including ongoing coordination with the Ministry of Finance, the upcoming launch of Egypt's Green Tax Strategy by December 2025, and plans to expand public-private partnerships. Concluding the meeting, Al-Mashat stressed that cooperation with the World Bank Group is a cornerstone of Egypt's development agenda. She emphasised the importance of strengthening international partnerships to channel more investments into productive sectors and green transformation, thereby advancing inclusive and sustainable growth in line with Egypt Vision 2030 and Africa's Agenda 2063.
