Egypt is moving forward with restructuring the National Investment Bank (NIB) to strengthen its role as a development and investment arm of the government, Minister of Planning, Economic Development and International Cooperation Ahmed Rostom said.
Rostom chaired a board meeting of the bank, attended by Deputy Prime Minister for Economic Affairs Hussein Issa and Minister of Investment and Foreign Trade Mohamed Farid Saleh, to review progress on restructuring efforts and enhancing the efficiency of public investments.
The minister said the restructuring aims to maximize the bank’s role in supporting the implementation of Egypt’s economic and social development plan, while improving the management and allocation of public investments.
As part of these efforts, the government is working on linking investment plan databases between the planning and finance ministries and the National Investment Bank to improve coordination, monitor spending, and align funding with actual project execution rates, in line with a shift toward performance-based budgeting.
Rostom said the bank is expected to play a larger role in supporting government initiatives in employment, entrepreneurship, and startups, while also working to maximize returns on its investment portfolio, including in companies and banks.
He added that investment plans will be guided by clear feasibility studies, innovative financing mechanisms, and stronger partnerships, with citizen priorities placed at the core of project selection.
The government is also focusing on strengthening governance of public investments through clearer project prioritization, measurable performance indicators, and continuous monitoring of implementation and impact.
Rostom noted that the reforms align with directives from Prime Minister Mostafa Madbouly to enhance efficiency, increase private sector participation in the economy, and ensure resources are directed toward projects with the highest economic and social returns.
Minister Ahmed Rostom during NIB restructuring meeting
