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Medbouly aims for 6.8% growth and 7% inflation by 2030
The article concerns Egypt's ambitious plans to achieve a comprehensive economic transformation between 2027 and 2030, aiming to raise the economic growth rate to 6.8% by 2030 and to reduce inflation to between 5% and 7%. The national economic transformation program includes the development of coherent financial and monetary policies, strengthening the private sector, increasing investments, and reducing the fiscal deficit from 12% to 2.3%, while raising foreign exchange reserves to more than $57 billion. The program also seeks to improve citizens' living standards by enhancing essential services, increasing employment opportunities, raising the minimum wage, and lowering the unemployment rate to 5.5%. The program was developed collaboratively with international institutions and took expert feedback into account, aiming for sustained economic gains and financial stability, with a focus on developing vital sectors and improving living conditions for citizens.
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