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Planning: the structural reform program achieves comprehensive and sustainable growth with competitive ability

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, met with officials of the International Monetary Fund, in the presence of Mahmoud Mohieldin, Executive Director of the International Monetary Fund and the United Nations Envoy for Sustainable Development Financing, and the Fund's working team via video conference, to discuss the structural reforms agenda, in the presence of Ahmed Kamali, Deputy Minister of Planning and Development Economic advisor, Jamil Helmy, Assistant Minister for Follow-up Affairs of the Sustainable Development Plan, Nadi Masoud, Economic Adviser to the Minister, and in the presence of Ahmed Koçak, Deputy Minister of Finance, and with the participation of Sally Rifat, Deputy Governor of the Central Bank for the Markets Sector, Smart Ibrahim, Deputy Governor for the Markets Sector, and Yasmine Abbas, Deputy Governor for the Markets Sector, representatives of the Bank Central.


During the meeting, Minister of Planning and Economic Development, Hala Al-Saeed stressed the importance of launching the national program for structural reforms as a second stage of economic reform, in line with Egypt's 2030 vision, in order to follow up on the success achieved by the economic reform program and the sustainability of those successes.


Regarding the main objectives of the structural reforms program, Al-Saeed explained that it aims to achieve comprehensive, balanced and sustainable growth, as well as achieving flexibility, productivity and competitiveness while enhancing job opportunities and creating decent job opportunities, reducing the trade deficit, and bridging the financing gap.


Al-Saeed added that the National Program for Structural Reforms focuses on reforming five main systems, which are the characteristics of the demographic system and population, the financial system, logistics, government performance system and the legislative system, explaining that the program targets 6 reform axes, 31 policies and goals, and 100 structural and legislative initial measures. Resettlement of the sustainable development goals at the level of all 27 governorates.


Regarding the main characteristics and features of the structural reforms program, Al-Saeed explained that the program is dynamic in alignment with local and international developments, as well as comprehensiveness as it addresses weaknesses at sectoral levels, as well as being complementary and based on evidence of interconnectedness and complementarity between the program's pillars, government policies and other strategies, and relying on information. Detailed, up-to-date and in-depth analysis of pressure points in the Egyptian economy.


Al-Saeed continued talking about the characteristics of the structural reforms program, referring to the institutional framework that supports to ensure coordination between government institutions at all levels, in addition to that the program is executive with measurable key performance indicators, as the program contains detailed action plans, and includes clear, specific and measurable performance indicators that On which are the evaluation and review processes based, referring to the committee that was formed under the chairmanship of the Prime Minister for this purpose.


Al-Saeed added that structural and legislative reforms have been put in place, taking into account that all of them have a specific goal, and that they can be measured and evaluated using key performance indicators for each reform that can be measured or quantified, in addition to that it is measured qualitatively according to the nature of the reform, and that it is a specific responsibility of each concerned party. Implementing targeted structural reforms at the governorate level, in addition to being time-bound, whether in the short term (18 months) or in the medium term (36 months).


Al-Saeed addressed the discussion about the pillars of the structural reform program, explaining that the program includes 6 pillars and objectives for each of them, covering structural and legislative measures, stressing that the first main pillar of the program is to increase the relative weight of the three main sectors in the Egyptian economy, represented in the industrial sector, the agricultural sector, and the sector. Communications and Information Technology.


Regarding the main objectives of the industrial sector, Al-Saeed indicated that it is to raise the level of integration in value chains, increase the competitiveness of manufacturing industries, and localize the local industry while strengthening local supply chains and deepening interdependence, in addition to increasing investment rates in manufacturing industries and the sector’s share in the gross domestic product. As well as creating new job opportunities and supporting small and medium industries and entrepreneurship.


Hala Al-Saeed touched on the main objectives of the agricultural sector, which included maintaining food and water security, increasing the productivity of the agricultural sector and its share of the GDP, creating new job opportunities and increasing the income of small farmers, in addition to supporting agricultural exports and improving the sector's competitiveness.


Al-Saeed added that the main objectives of the communications and information technology sector were to increase the sector’s contribution to the GDP and accelerate the pace of digital transformation, while developing the export capacity of the sector, raising the sector’s ability to create new job opportunities, enhancing skills for future jobs, and supporting emerging companies.


With regard to the supporting pillars, Al-Saeed explained that the first pillar is to improve the efficiency of the labor market and TVET through the development of the technical education and vocational training system, and the establishment of the institutional framework to activate the role of the private sector in education and training, and the integration between the supply and demand sides of the labor market, while empowering Women, youth and people with special skills, adding that the second pillar was to improve the business environment and enhance the role of the private sector by creating a supportive and enabling environment for competition, facilitating the movement and development of trade and removing obstacles, while upgrading the transport and logistics sectors, supporting private sector participation, facilitating investment procedures, as well as Supporting the transition towards a green economy and sustainable use of natural resources.

Al-Saeed continued talking about the supporting pillars, referring to raising the level of governance and the efficiency of public institutions by supporting administrative and institutional reform, empowering local administration units and enhancing their capabilities, and improving the governance of state-owned companies, touching on the pillar of supporting financial inclusion and facilitating access to finance through accelerating financial inclusion. Increasing and diversifying the financing options available to the private sector, in addition to stimulating and stimulating the money market.


Al-Saeed also referred to the pillar related to human capital development from education, health and social protection, explaining that it includes raising the efficiency of health care services and expanding their scope, activating the Egyptian family development strategy, and raising the efficiency of the educational system.


On the evaluation and governance process, Al-Saeed explained that the governance of the national structural reforms program focused on the participation of all stakeholders and civil society in all stages of the program, forming the Supreme Committee for Structural Reforms headed by the Prime Minister with a technical secretariat and specialized working groups to follow up the implementation of the program and publish periodic reports on the progress of work in it. The committee includes members from all relevant ministries, members of Parliament, the private sector, Erada Initiative and independent experts, following up that the program’s governance process also focused on monitoring and evaluating program developments through clear and specific key performance indicators, confirming that the monitoring and evaluation methodology depends on use. Dynamic for a set of quantitative and qualitative performance indicators.


The National Structural Reform Program was praised by the International Monetary Fund mission as well as the efforts made by the Egyptian government to launch and implement the program phases. On the sustainability of the successes achieved by the first stage of economic reform, and a good sign of granting the private sector an important role in the process of economic development.