The meeting addressed the state's structural reform agenda, which the Ministry of Planning and Economic Development and International Cooperation is coordinating with national bodies. This agenda centers on three key pillars: strengthening macroeconomic resilience and stability, enhancing the business and investment environment, and advancing the green economy transition.
The meeting also addressed preparations for the visit of a
European Commission delegation to Egypt at the end of May, to hold a series of
meetings with various national entities to finalize the procedures related to
the second tranche of the mechanism.
In the meeting, Dr. Rania Al-Mashat commended the
significant advancement in Egyptian-EU relations, noting the strategic
partnership elevation and seamless coordination between national and European
entities to achieve the comprehensive partnership's goals.
She emphasized the significant economic component,
highlighting Egypt's strong drive to strengthen economic relations with
international partners to meet national development needs and implement its
structural reform program for a better business and investment environment. The
Ministry of Planning and Economic Development and International Cooperation is
actively working on this economic aspect within Egyptian-European relations,
especially concerning the Macro-Financial Assistance (MFA) and investment
guarantee mechanisms.
Last December, Dr. Rania Al-Mashat announced the European Commission's approval to disburse €1 billion to Egypt under the Macro-Financial Assistance (MFA) mechanism, the first tranche of a €5 billion total.