Cairo:Minister of Planning and Economic Development Ahmed Rostom held discussions with a high-level delegation from Fitch, the international credit rating agency, to examine Egypt's economic performance and ongoing reforms. The talks focused on the country's efforts to navigate geopolitical and regional challenges while advancing economic and structural reforms.

According to State Information Service Egypt, Minister Rostom reported that Egypt's economy grew by 5.1% in the fiscal year 2025/2026, an increase from the 4.4% growth in the previous fiscal year. He attributed this improvement to significant growth in productive and service sectors, particularly in non-petroleum manufacturing and information and communications technology (ICT).

Rostom emphasized the resilience of Egypt's transport and logistics sector, noting sustained growth in Suez Canal revenues despite challenges in regional maritime traffic. He highlighted that inflation had decreased to 12.7% by August 2026 due to government policies, and unemployment had fallen to 5.8% in the second quarter of 2026.

The minister reiterated the government's dedication to economic transformation, aiming to foster a favorable investment climate for both domestic and foreign private-sector investments. These efforts target export-oriented, productive, and labor-intensive sectors, with the broader objective of enhancing living standards and public services for Egyptian citizens.

Looking ahead, Rostom expressed optimism for continued economic recovery, projecting growth between 5.2% and 5.4% in the current fiscal year. He linked this positive outlook to expected increases in private-sector investment and progress in key economic sectors.