Egypt, France discuss economic stability, energy security & investment cooperation amid global pressures

Minister of Planning and Economic Development Ahmed Rostom said Egypt remains committed to fiscal discipline and structural reforms aimed at reinforcing macroeconomic stability, despite continued external pressures.

 

He said the government is intensifying efforts to secure energy supplies, expand strategic reserves of essential commodities, and diversify energy sources through greater reliance on renewables and increased exploration activity.

 

Rostom also highlighted ongoing work to develop innovative financing mechanisms for infrastructure projects, designed to attract greater private sector participation and enhance development efficiency.

 

The remarks came during a meeting with a French delegation from the Ministry of Finance led by Paul Teboul, Assistant Minister of the French Treasury, in the presence of French Ambassador to Cairo Eric Chevallier.

 

Discussions covered the impact of geopolitical tensions and rising energy costs, as well as opportunities to deepen economic ties between both countries under Egypt’s Vision 2030 framework.

 

Rostom said Egypt’s economy recorded 5.3 percent growth in the first half of the fiscal year, reflecting resilience supported by ongoing reforms and policy adjustments.

 

He reiterated the government’s focus on maintaining stability while advancing reform efforts, including measures to manage consumption and strengthen public awareness around resource efficiency.

 

The French side praised Egypt’s policy response to global shocks, describing it as gradual, transparent, and effective, according to feedback from French companies operating in Egypt.

 

They also expressed readiness to support expanded financial cooperation and investment flows, particularly in infrastructure and priority development sectors, citing strong opportunities within the Egyptian market.