Prime Minister Mostafa Madbouli chaired a meeting of the ministerial economic group at the government headquarters in the New Administrative Capital to discuss priority economic issues. The session brought together senior ministers and officials, including the Deputy Prime Minister for Economic Affairs, the Central Bank Governor, and ministers of finance, investment, planning, industry, and supply.
The meeting reviewed the latest developments in Egypt’s economic reform program with the International Monetary Fund. Officials confirmed that all quantitative targets for March 2026 were met, covering primary surplus, tax revenues, social protection spending, and health allocations. Recent privatization deals, including the Jebel El-Zeit transaction with Alcazar, were also highlighted.
Finance Minister Ahmed Kouchouk outlined upcoming structural and legislative measures, while Investment Minister Mohamed Farid presented progress on the new Economic Entities Platform, a digital system designed to unify investment services and streamline Egypt’s business environment. He also showcased several digital transformation projects, including platforms for company financial data, investor complaints, free zones, export development, and renewable energy project registration.
Planning Minister Ahmed Rostom reported a notable drop in annual inflation to 13.0% in May 2026, signaling easing price pressures compared to earlier months. Monthly inflation also slowed, with food staples showing relative stability and some items, such as eggs and fish, recording price declines.
The group approved the updated State Ownership Policy Document, which now provides a broader framework for the government’s role in the economy, asset governance, and competitive neutrality, aiming to boost private sector participation. The revised document will be officially announced later this month.
The Central Bank presented preliminary balance of payments figures, showing a 14.9% rise in tourism revenues to $14.4 billion and a 32% surge in remittances from Egyptians abroad, reaching $34.9 billion during July–March of FY 2025/2026. European markets remained the largest source of tourists, with Russia and Germany leading arrivals.
This meeting underscored Egypt’s focus on stabilizing inflation, advancing digital investment services, and reinforcing its economic reform commitments in partnership with the IMF.
