Egypt’s Prime Minister Mostafa Madbouly met on Tuesday to review proposals for the 2024/25 Economic and Social Development Plan, outlining key priorities for the coming year. The plan emphasizes increased private sector participation, aiming to exit state financing of some projects and leverage private expertise for economic growth. The plan acknowledges the need for rationalized investment spending, considering economic conditions and rising public investment costs. It aims to strike a balance between current and investment spending to maximize efficiency. Furthermore, the plan encourages partnerships with the private sector for various projects, fostering collaboration and leveraging diverse expertise for development.

Source: Daily News Egypt February 20, 2024 17:21 UTC