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PM Madbouly shared Egypt's growth targets, here are the top 7

Speaking to advisory committees, Madbouly detailed key goals in economic expansion, trade, and financial stability. Here are the major 7.
Egypt Business Directory | 31.01.2025
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Egyptian Prime Minister Mostafa Madbouly has laid out ambitious economic targets for the next three years, aiming to surpass international forecasts and drive national growth. Speaking to advisory committees, he detailed key goals in economic expansion, trade, and financial stability. Below are the most critical points from his address:

1. Growth rate target exceeds global projections

  • The government aims for a 5.5% growth rate, exceeding global institutions’ predictions of 4% to 4.5%.

  • Emphasis on economic reforms to sustain and accelerate growth.

2. New advisory committees for economic strategy

  • Formation of specialized committees, including a macroeconomic advisory group.

  • Focus on managing inflation, economic growth, and public debt.

3. Trade projections for 2030

  • Egypt’s imports are expected to reach $105 billion.

  • Exports are projected to hit $115.8 billion, signaling a positive trade balance shift.

4. Debt management and budget allocation

  • The PM highlighted the urgency of reducing Egypt’s debt ratio.

  • Over 43% of the national budget currently goes to debt servicing, necessitating policy adjustments.

5. The rise of Egypt’s digital economy

  • The sector has already reached LE 276 billion (approx. $5.49 billion).

  • Continued investment in digital transformation is expected to boost economic efficiency.

6. Commitment to inflation reduction

  • Inflation has declined for the first time in two years.

  • The government aims to bring inflation down to single digits by 2026.

  • Achieving this goal will require collaboration across sectors and policy refinements.

7. Government’s response to economic hardships

  • Acknowledgment of economic struggles over the past five years.

  • Ongoing efforts to collaborate with the private sector to improve economic conditions.

Conclusion

Madbouly’s roadmap signals a determined push towards higher economic growth, financial stability, and stronger trade performance. While challenges such as debt and inflation persist, the government’s strategic approach—emphasizing reforms, digital transformation, and private sector engagement—reflects an optimistic outlook for Egypt’s economic future.

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