The Egyptian government is signaling a significant strategic shift, placing private sector empowerment and entrepreneurship at the forefront of its next wave of economic reforms. The move comes as the country successfully concludes the first phase of its joint country program with the Organisation for Economic Co-operation and Development (OECD), setting the stage for a new, results-focused chapter aimed at boosting Egypt’s economic competitiveness.
Quick Facts
- Focus on empowering the private sector and startups.
- New reforms follow the first phase of OECD cooperation.
- Egypt to co-chair MENA-OECD initiative from 2025-2027.
Building on Economic Reforms
According to Deputy Prime Minister Dr. Hussein Issa, the initial phase of collaboration with the OECD was critical in strengthening evidence-based policymaking and aligning Egypt with international standards. This foundation has reportedly helped the country navigate global economic challenges while maintaining macroeconomic stability.
Dr. Issa stated that the progress made in governance, competitiveness, and sustainability has established a solid base for the economy. The goal is to build a more competitive, resilient, and globally integrated economy in line with the nation’s Vision 2030 framework.
A Renewed Push for a Better Business Climate
The upcoming phase of reforms will concentrate heavily on improving the business environment to attract investment and support a thriving entrepreneurial ecosystem. The strategy is built on two core pillars: governance and competitiveness.
Under the governance pillar, the focus will be on public sector reforms, enhancing transparency, and improving public services. The competitiveness pillar will directly target attracting investments, enabling private sector growth, and championing entrepreneurship. This also includes dedicated efforts to advance women’s economic empowerment and accelerate the green and digital transitions.
Egypt Steps into a Regional Leadership Role
In a significant step, Egypt, alongside Italy and Turkey, will co-chair the MENA-OECD Initiative for Governance and Competitiveness from 2025 to 2027. This role positions the country to drive a regional agenda informed by practical experience and tangible outcomes.
The Ministry of Planning and Economic Development is currently leading consultations with national entities and the OECD to define the priorities for this next stage. Dr. Issa emphasized that the upcoming period will adopt a more results-oriented approach, ensuring that national development goals are met and the momentum of reform is sustained.
About the MENA-OECD Initiative for Governance and Competitiveness
The MENA-OECD Initiative for Governance and Competitiveness is a collaborative platform that brings together MENA countries and OECD members. It aims to foster policy dialogue and share best practices to support economic growth, improve public governance, and enhance the investment climate across the Middle East and North Africa region.
Source: Dostor
