“Egypt has concluded the first phase of its five-year Country Programme with the Organisation for Economic Co-operation and Development (OECD), launching five major reports aimed at guiding structural economic and institutional reforms, Prime Minister Mostafa Madbouly announced. Speaking at a high-level conference in the New Administrative Capital attended by OECD Secretary-General Mathias Cormann, Madbouly stated that the government remains fully committed to its economic reform trajectory, strengthening international partnerships, and building a more competitive, sustainable, and inclusive economy. The bilateral programme, launched five years ago, encompassed approximately 35 projects across five main pillars: inclusive growth, innovation, digital transformation, governance, and sustainable development. Around 20 national entities participated in the implementation, with the Ministry of Planning and Economic Development acting as the national coordinator. During the event, the government and the OECD released reports detailing reviews of Egypt’s business dynamics, national innovation policies, the mobilisation of finance and investment for high-quality infrastructure, women’s economic empowerment policies, and public budget reforms aimed at improving spending efficiency. Madbouly said Egypt continues its efforts to build a more competitive business environment to attract domestic and foreign private investment. He described the private sector as a primary engine for sustainable growth and job creation, adding that the Egyptian citizen remains the central focus and primary beneficiary of these reforms, reflecting the OECD motto, “Better policies for better lives.” Looking ahead, Madbouly announced that Egypt will co-chair the OECD Middle East and North Africa (MENA) Initiative on Governance and Competitiveness for Development from 2026 to 2030, alongside Italy and Turkey. He noted this role reflects international confidence in Egypt’s experience and aims to consolidate regional cooperation to promotesustainable growth and economic stability. Domestically, Egypt will continue collaborating with the OECD to monitor and implement priority public governance reforms throughout 2026, supported by a European Union-funded project and related OECD recommendations. The Prime Minister stated that expanded participation in specialised OECD committees has enhanced Egypt’s integration into the international policy framework and supported structural reforms. These include specialised reviews concerning small and medium-sized enterprises, innovation, productivity, digital policy enhancement, and statistical system modernisation, alongside a transition towards a green economy reliant on clean energy and low-carbon hydrogen. The country programme also advanced sector-specific strategies in financial inclusion and literacy, entrepreneurship, and digital transformation, linking these areas to comprehensive structural reforms. “We are confident that this cooperation represents the beginning of a new phase that enhances the development process and supports the future of coming generations,” Madbouly said, expressing gratitude to all participating national entities and international partners. The post Egypt concludes five-year OECD policy programme, launches five structural economic reports first appeared on Dailynewsegypt .
Original story
Continue reading at Daily News Egypt
www.dailynewsegypt.com
Summary generated from the RSS feed of Daily News Egypt. All article rights belong to the original publisher. Click through to read the full piece on www.dailynewsegypt.com.
