Cairo: Prime Minister Mostafa Madbouli chaired a meeting of the economic ministerial group to review several important economic files. The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdullah along with the ministers of planning, finance, investment, and supply.
According to State Information Service Egypt, the meeting highlighted the progress of the economic reform program concerning the fifth review carried out by the government and CBE in cooperation with the International Monetary Fund (IMF). The meeting also addressed the measures implemented under the IMF Resilience and Sustainability Facility (RSF) program.
Cabinet Spokesman Mohamed el Homsani noted that the inflation rate in June stands within the target range set by the IMF’s quantitative performance criteria, with expectations of a decline in 2026. However, ongoing risks such as global protectionist trade policies and escalating regional tensions continue to pose challenges.
During the meeting, Prime Minister Madbouli also examined efforts to reduce external debt and the progress of the National Committee for the Business Ready (B-READY) Report. This World Bank Group report evaluates the business and investment climate worldwide.
The premier reviewed Egypt’s preliminary measures for inclusion in the B-READY Report, including the preparation of institutional and organizational frameworks. Discussions also included the establishment of B-READY Report working groups and progress on the government action plan from April 2025.
The meeting touched on the pilot launch of a unified licensing platform, developed in coordination with various state bodies to enhance the investment environment. This platform connects 41 government entities electronically, providing investors with access to 250 different services and facilitating their interactions with governmental bodies.
Efforts to improve the platform were also discussed, including updating licensing guides, staff training, an agreement with e-Finance for electronic payments, and conducting cyber security tests to ensure platform integrity and security.