Arab Republic of Egypt Ministry of Investment and Foreign Trade General Organization for Export and Import Control

Dr. Mostafa Madbouly, Prime Minister, chaired today the meeting of the Economic Ministerial Group, to discuss a number of important files and topics, in the presence of Mr. Hassan Abdullah, Governor of the Central Bank, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Mr. Ahmed Kouchouk, Minister of Finance, Dr. Sherif Farouk, Minister of Supply and Internal Trade, Eng. Hassan Al-Khatib, Minister of Investment and Foreign Trade, Mr. Yasser Sobhi, Deputy Minister of Finance for Fiscal Policies, Mr. Rami Abul Naga, Deputy Governor of the Central Bank, Mr. Tarek El-Khouly, Deputy Governor of the Central Bank, Major General Essam El-Naggar, Chairman of the General Organization for Export and Import Control, and officials from a number of concerned authorities.

The Prime Minister pointed out that today's meeting aims to monitor macroeconomic indicators, and the economic and structural reforms and measures the government is implementing as part of its efforts to improve economic and financial indicators, attract more direct and indirect foreign investment flows, and intensify efforts to curb inflation. He also noted that efforts to enhance financial discipline through government measures in this regard will contribute to improving the performance of the Egyptian economy and supporting comprehensive development efforts.

Counselor Mohamed El-Homsany, the official spokesperson for the Cabinet, stated that the meeting reviewed a number of topics on the agenda, including the status of implementing low-yield financing initiatives for private sector companies and establishments and their evaluation. He added that the meeting also addressed the country's financial performance indicators, current inflation rates and the efforts of the Central Bank, ministries and relevant authorities to contain them, in addition to the status of foreign direct investment flows and the overall performance of Egyptian non-petroleum exports and imports.

Regarding the status of low-yield financing initiatives, the official spokesperson explained that Mr. Hassan Abdullah noted that the initiatives being studied by the Central Bank, in coordination with relevant authorities, aim to support the role of the private sector in a number of sectors, helping achieve the state's investment and employment goals.

The Central Bank Governor also affirmed ongoing efforts to contain inflationary pressures and direct more funding to the private sector to drive economic growth. He explained that the Central Bank of Egypt periodically assesses the resilience of the banking sector in the face of various risks, and that the Egyptian banking sector demonstrates true flexibility in the face of any potential risks.

Dr. Dina Kassab, Chief Economist at the Central Bank of Egypt, explained that the annual headline inflation rate declined during the second quarter of 2025, continuing its downward trend. The rate fell to 15.3% during the second quarter of 2025, compared to 29.4% during the second quarter of 2024 (a decrease of approximately 14 percentage points in one year), compared to 16.5% during the first quarter of 2025.

Dr. Dina Kassab said that this comes as the impact of previous shocks recedes and corrective monetary policy measures are implemented in 2024.

The official spokesperson also indicated that the Minister of Finance reviewed some of the features of the financial performance indicators for the fiscal year 2024/2025, particularly with regard to the real growth rate of the gross domestic product (GDP), noting that the estimates for the initial final account indicate a further improvement in the real growth rate of the GDP compared to what is included in the budget, in addition to achieving an improvement in the primary surplus during the fiscal year 2024/2025.

The Minister of Finance also gave an overview of the performance of the state's public revenues and expenditures for the previous fiscal year.

During the meeting, the Minister of Investment and Foreign Trade reviewed the status of foreign direct investment (FDI) flows during the period from July 2024 to March 2025. Indicators revealed that non-oil sectors accounted for the largest share of net inflows, indicating relative success in diversifying investment sources away from the petroleum sector.

In the same context, the Minister of Investment confirmed that a number of measures have been implemented to improve the quality of foreign direct investment (FDI) data and develop the consolidated quarterly report on foreign direct investment flows. Most notably, this includes conducting a detailed analysis of flows by primary and secondary sectors, as well as by investing country, with the inclusion of strategic recommendations for decision-makers to support investment policies.

The meeting also addressed the overall performance of Egypt's non-oil exports and imports, as well as the trade balance, during the period from January to June 2025, compared to the same period the previous year. Major General Essam El-Naggar, Chairman of the General Organization for Export and Import Control, noted that total non-oil exports witnessed a significant increase of 22%.

In light of this, Major General Essam El-Naggar explained that gold represents the most exported commodity in terms of value, registering a 195% increase compared to last year. He noted that petroleum oils and oils extracted from mineral materials ranked second on the list of most exported commodities, achieving a 69% growth compared to the same period the previous year.

For her part, Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, presented the recommendations of the UN Secretary-General's Panel of Experts on addressing the debt crisis. She also outlined the Ministry's efforts within the framework of the development financing process, in cooperation with international financing institutions and development partners.