Egypt’s PM reviews global economic outlook, IMF, World Bank meeting outcomes | Amwal Al Ghad

Egypt’s Prime Minister Moustafa Madbouly met on Monday with Planning Minister Ahmed Rostom to assess regional geopolitical risks, review the latest global economic trends, and discuss the outcomes of Egypt’s participation in the IMF and World Bank Spring Meetings.

Global outlook and key indicators

Rostom presented updated projections on global performance, noting a gradual cooling in growth and trade alongside persistent price pressures:

• Global economic growth is expected to ease to 3.1 percent in 2026, down from a projected 3.4 percent in 2025.
• Global inflation is projected to rise to 4.4 percent.
• Global trade growth is forecast to slow to 2.8 percent, compared with 5.1 percent previously.

These trends, he said, reflect ongoing uncertainty tied to geopolitical tensions and their spillover effects on supply chains, financing conditions, and commodity markets.

Outcomes from IMF and World Bank Spring Meetings

During the discussions on Egypt’s participation in the IMF and World Bank Spring Meetings, Rostom highlighted consultations focused on strengthening resilience to external shocks. Key themes included:

• Exploring new financing tools aimed at mitigating the economic impact of geopolitical spillovers and supporting countries facing heightened risks.
• Reinforcing the global push toward a green economy, with an emphasis on accelerating renewable energy adoption and sustainable investments.

These engagements are intended to help countries mobilize resources more effectively, enhance policy coordination, and support structural reforms that can sustain growth amid uncertainty.

Domestic priorities and reform progress

On the domestic front, Rostom reviewed progress within Egypt’s economic and social development plan. He emphasized steps underway to strengthen public financial management and improve policy execution:

• Integrating planning and finance systems to enhance transparency and oversight of public spending.
• Tightening coordination between investment and operational budgets to align resources with priority projects and improve efficiency.

The integration efforts aim to support better monitoring of expenditures, accelerate project implementation, and ensure that fiscal policies effectively back development goals.

Prime Minister Madbouly and Minister Rostom agreed to continue tracking global developments and to align domestic policy measures with the evolving international context, with a focus on resilience, sustainable growth, and prudent financial management.