"The Challenge Government" During a year, she reaps international praises to improve the performance of the Egyptian economy

The government of Dr. Mustafa Madbouly, which led the oath in front of President Abdel Fattah El -Sisi on July 3, 2024, succeeded in facing challenges with multiple aspects, both internally and externally, and this government, which could be described as & quot; the Challenge Government & quot; During a year of its formation, you will reap many international praises to improve the performance of the economy and its attraction to foreign investments. Providing social housing for broad sectors of the population, providing an integrated social protection network for the most needy groups, developing health services while providing successful initiatives in eliminating chronic diseases, expanding the establishment of universities and schools, working to provide a good quality of education, and providing major development initiatives such as the & quot; a decent life & quot; To improve the quality of life in the villages, the initiative of one hundred million health, and the initiative of solidarity and dignity. . International trade in the Red Sea region.

& nbsp; In completing the projects and initiatives that started with Egypt’s development march in the past years, and making every effort to reduce high prices, inflation and market control, within the framework of a comprehensive development of the economic performance of the state in all sectors.

& nbsp; National strategies, and pledged to work with determination and determination to eliminate the problem of electricity cuts permanently, and also affirmed that the responsibility of everyone is not exceeded from that and worked to strengthen and support the partnership between the state, the private sector, civil society and citizens. Move in crises to control it, reduce its stomach to citizens, and achieve a decline in the rate of inflation and reduce commodity prices.

& nbsp; Raw, as well as ensuring that factories do not stop and operate them with maximum production capacity, which secures the local market and ensures that prices are not increased. To strengthen the partnership between the government and the private sector, the Prime Minister issued a decision to form specialized consulting committees to enhance communication between the government and experts in the various fields of the private sector, in the context of the approach to strengthening permanent channels to exchange visions and proposals to support the policy -making process, and to support government efforts to reform and advance the relevant sector, and to enhance the role of the private sector in the process of making Policies. Al -Masry. & Quot; Golden License & quot; To facilitate the start of projects, work to reduce the duration of the issuance of licenses, and restructuring the tax system to become more fair and inclusive, the focus was also on updating the legislative framework, and ensuring the rule of law, in order to enhance confidence in the investment climate, and a comprehensive is also an inventory of all fees and non -tax financial burdens imposed on investors in order to reduce burdens and enhance governance And transparency.

& nbsp; From the hard currency for the fourth month in a row, it was sufficient to cover the uses and spending on the needs of the state. Year, to reach 6.6 % in 2024, and the annual inflation rate decreased during the month of May to 16.5 % compared to 27.4 during May 2024 according to the Central Agency for Public Mobilization and Statistics. In 2024, to occupy the ninth place globally in attracting foreign direct investments, after it was 32 in previous years, which reflects Egypt’s position as one of the best global destinations for foreign direct investments. Overall economic stability and increased cash reserves. Comprehensive. Critical, which supports sustainable growth, as he explained that infrastructure projects, such as developing industrial areas, will enhance the competitiveness of the Egyptian economy in 2025.

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& nbsp; He also praised Egypt’s strategy to diversify energy sources, including investments in renewable energy, which enhances Egypt’s position as a regional center for clean energy.

& nbsp; Abroad. To a noticeable decline in inflation rates, and the International Monetary Fund expects the low inflation to 16% by the end of the fiscal year 2024/2025, while the Fitch Agency for credit classification expects its slowdown to 12.5% ​​by the end of 2025.

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international institutions ’entries to the great capabilities of the Egyptian economy in 2025, and with continued reforms and promotion International partnerships, Egypt is preparing to achieve an economic boom that enhances its position as a leading emerging market, and contributes to improving the standard of living of citizens and attracting more investments.

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