Egypt reaffirms private sector-led growth model in talks with EBRD

CAIRO – 6 June 2026: Egypt said it remains committed to a private sector-led growth model, as it seeks to expand investment opportunities and deepen economic cooperation with the European Bank for Reconstruction and Development (EBRD).

Foreign Minister Badr Abdelatty met on Saturday with EBRD’s President Odile Renaud-Basso and Vice President for Banking Matteo Patrone on the sidelines of EBRD’s 35th Annual Meeting in Riga, Latvia.

He stressed Egypt’s focus on broadening public-private partnerships and offering new investment opportunities across key sectors, including renewable energy, industry, infrastructure, digital transformation, and financial services, according to statements by the foreign ministry.

He said these efforts are aimed at supporting sustainable economic development and creating new growth and operation.

Abdelatty reviewed Egypt’s ongoing economic reform program and its impact on resilience amid regional and global economic challenges.

The minister highlighted that Egypt’s economy had demonstrated strong resilience in recent years, supported by structural and monetary reforms, including the adoption of a flexible exchange rate system, which helped absorb external shocks.

He also called on the EBRD to play a more flexible and rapid role in supporting member states in responding to ongoing regional economic disruptions, welcoming the bank’s preparation of a response package for the Eastern Mediterranean crisis.

 

EBRD officials praised Egypt’s reform efforts.

Odile Renaud-Basso noted improvements in the business environment, macroeconomic stability, and the government’s continued commitment to structural reforms.

She reaffirmed the bank’s commitment to supporting Egypt’s development agenda, describing it as one of its key countries of operation in the Southern and Eastern Mediterranean region.