El Said noted that the plan targets a real economic growth rate of 4.2% in 2024/2025
El Said, speaking at the Joint annual meeting of the Arab financial institutions in Cairo, mentioned that the government is presently engaged in evaluating offers and intends to make a selection soon
El Said underscored the IMF’s forecast for Egypt’s growth in FY2024/2025, reported at 4.4%, noting that it was higher than the country’s own estimate of 4.2%
The government's move to establish a cap on public investments signifies a larger plan to regulate public finances and stabilize the economy amidst inflationary challenge
Egypt is exploring the creation of a new entity to take ownership of the country's state-owned companies, according to Minister of Planning and Economic Development, Hala El Said