The meeting focused on discussing key economic developments and ongoing fiscal, institutional, and trade reforms.
During the meeting, the Minister expressed optimism
regarding the reviews' outcome, emphasizing that the Egyptian economy is moving
in the right direction. He noted that several indicators are performing better
than expected under the agreed program, reflecting the strength of government
measures and their ability to achieve tangible results.
El-Khatib highlighted that the government is operating under
a clear and specific reform vision, based on disciplined policies that support macroeconomic
stability and grant the private sector greater space for growth. A central
focus is on improving the investment climate and raising the efficiency of the
trade system, considering them fundamental to the growth equation.
The Minister explained that Egypt is adopting a more open
and proactive trade policy aimed at maximizing productive capacity, increasing
market access, and enhancing integration between trade and investment. The goal
is to transform Egypt into a regional hub for exports and supply chains,
supporting efforts to reduce the trade deficit and increase the value-added of
Egyptian products.
El-Khatib also reviewed the progress made in digital
transformation as a pillar of improving the business environment, specifically
through developing digital platforms for licensing and economic entities. This
guarantees clearer and faster procedures for investors and enhances the transparency
and efficiency of the administrative apparatus.
The Minister affirmed the government's commitment to
implementing a package of reforms designed to streamline procedures, alleviate
non-tax burdens, and boost transparency. These efforts aim to create a stable
and attractive business environment that gives investors a clearer outlook for
planning and expansion.
For its part, the IMF mission commended the significant progress observed in the investment and trade sectors. They confirmed that Egypt's economic vision is becoming clearer and more consistent, and the implemented measures reflect the State's seriousness and commitment to reinforcing trust and attracting value-added investments. IMF officials stated that discussions are proceeding in a positive atmosphere, with a high appreciation for the pace of reform and developments in the business environment, which bodes well for the results of the ongoing reviews.