Minister of Planning: "Stimulator of economic growth and development" It enables Egypt to join an important initiative launched by the World Economic Forum
Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, confirmed that the launch of the “Economic Growth and Development Catalyst” It enables Egypt to join an important initiative launched by the World Economic Forum last year, in order to reshape global growth and support decision-makers in different countries in order to achieve a balance between quantitative and qualitative growth.
Dr. Mostafa Madbouly, Prime Minister, had Today, Wednesday, Dr. Rania Al-Mashat signed a letter of intent with the World Economic Forum. This is in order for the Ministry to cooperate with the Forum in preparing and implementing the “Economic Growth and Development Catalyst.” In Egypt.
The new cooperation with the Forum is a continuation of the close partnership, as Dr. Rania Al-Mashat holds the position of co-chair of the Network for Stimulating Investment in Clean and Renewable Energy in Emerging Economies. She is also a member of a number of important centers and alliances in the Forum, including "Center for New Economy and Society" And the "Resilience Alliance" And the “Future Growth Initiative.” In addition, the Ministry, in partnership with the Forum and the National Council for Women, is implementing the “Catalyst for Closing the Gender Gap” initiative. To empower women in Egypt.
By launching the “Economic Growth and Development Catalyst,” Egypt joins the Future Growth Initiative launched by the World Economic Forum in 2024, in order to strengthen the partnership with the World Economic Forum.
Under the letter of intent, an “Economic Growth and Development Catalyst” is being developed. In the Arab Republic of Egypt, to support efforts to achieve economic development in Egypt, and to benefit from the visions and ideas derived from the Center for New Economy and Society of the World Economic Forum. The letter of intent also stipulates that Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, will assume the position of co-chair of the catalyst.< /p>
She indicated that the step taken by the Egyptian government is consistent with the new phase that the Egyptian economy is going through, as the government works, through its program for the next three years, to enhance the steadfastness and stability of the Egyptian economy, and to build an economic Competitive, attractive to investments, and continuing to implement economic and structural reforms, creating a model for sustainable growth led by the private sector.
It is noteworthy that the Ministry launched the “Sustainability and Financing for Economic Development” framework, which is based on 3 pillars. Main:; Formulating economic development policy based on data and evidence, building a resilient economy, and enhancing macroeconomic stability, by implementing structural reforms to increase competitiveness and improve the business environment, and mobilizing domestic and external financing to achieve sustainable development through an integrated national financing framework.
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