Al-Sisi, OECD chief discuss reforms, expanding private sector role
Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s reform programme, with a particular focus on boosting private sector participation and attracting investment. According to the Egyptian presidency, Al-Sisi expressed appreciation for ongoing cooperation […] The post Al-Sisi, OECD chief discuss reforms, expanding private sector role first appeared on Dailynewsegypt.
Black News 
Egyptian President Abdel Fattah Al-Sisi met on Monday with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and advancing Egypt’s reform programme, with a particular focus on boosting private sector participation and attracting investment.
According to the Egyptian presidency, Al-Sisi expressed appreciation for ongoing cooperation with the OECD, especially through the country programme launched in 2021. He underscored the importance of expanding partnership in areas such as investment, competitiveness, and governance to support Egypt’s economic and institutional reforms.
Al-Sisi outlined efforts to enhance the private sector’s role by improving regulatory and institutional frameworks and encouraging both domestic and foreign investment. He also highlighted the government’s prioritisation of social protection within its reform agenda, citing housing initiatives that have benefited around 350,000 families with more than 300,000 housing units, alongside healthcare programmes and the “Decent Life” initiative targeting over 50 million citizens.
The president noted Egypt’s proactive measures in managing global crises, pointing to a $10bn decline in Suez Canal revenues due to disruptions in Red Sea shipping linked to the Gaza conflict. He also stressed that Egypt hosts around 10 million foreign nationals displaced by regional conflicts, who receive services comparable to those provided to Egyptian citizens.
Cormann praised Egypt’s role in promoting regional stability and the resilience of its economy amid global challenges. He affirmed the OECD’s interest in deepening cooperation and building on the country programme to support Egypt’s economic growth and sustainable development.
The post Al-Sisi, OECD chief discuss reforms, expanding private sector role first appeared on Dailynewsegypt.
