Wednesday, 27 May 2026
Egypt highlights economic reforms in high-level talks with S&P Global
Egypt’s Minister of Investment and Foreign Trade, Engineer Hassan El Khatib, met with a high-level delegation from S&P Global to discuss the latest updates on Egypt’s credit rating, macroeconomic outlook, and ongoing financial and institutional reforms.
The meeting included representatives from the Ministry of Finance, the Central Bank of Egypt, and J.P. Morgan, reflecting broad cooperation among Egypt’s key economic institutions.
Minister El Khatib presented Egypt’s long-term economic vision, emphasizing the government’s coordinated efforts to boost sustainable growth through balanced reforms in monetary, fiscal, and trade policies. He highlighted strong progress in tax reforms, transparent digital platforms to serve investors, and a unified system to streamline business licensing—making procedures more efficient and accessible.
A central focus of the reforms has been increasing Egypt’s global competitiveness. The Minister detailed the launch of a new integrated digital licensing platform and explained Egypt’s ongoing structural reforms to reduce business costs and support both domestic and foreign investors.
Investments in trade facilitation were also showcased, including Egypt’s successful reduction of customs clearance times from 16 days to under six days, aiming for two days by year’s end. The Minister unveiled a new foreign direct investment (FDI) strategy that prioritizes 13 key economic sectors, with immediate and ambitious targets to draw more international investment.
S&P Global’s delegation expressed appreciation for Egypt’s progress and the government’s clarity in connecting trade, investment, and digital transformation. They noted that sustained reforms will strengthen investor confidence and improve Egypt’s creditworthiness in the medium and long term.
Egypt’s comprehensive reform program aims to place the country among the world’s top 50 countries in global competitiveness rankings, further opening its economy to international investors and supporting sustainable development across the nation.