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Egypt and France discuss economic stability, energy security, and investment cooperation
via Egypt Today2 min read
Egypt and France recently held high-level talks in Cairo to discuss strengthening economic cooperation and addressing the impact of geopolitical tensions on global and regional economies. Ahmed Rostom, Minister of Planning and Economic Development, affirmed Egypt's commitment to fiscal discipline and structural reforms to enhance macroeconomic stability. He highlighted efforts to secure energy supplies, expand strategic reserves, and diversify energy sources, including increased reliance on renewables and exploration. Rostom also mentioned the development of innovative financing mechanisms for infrastructure projects to attract private sector participation. The discussions, which included a French delegation led by Paul Teboul, Assistant Minister of the French Treasury, and French Ambassador to Cairo Eric Chevallier, covered the impact of geopolitical tensions, rising energy costs, and opportunities to deepen economic ties under Egypt’s Vision 2030. Rostom noted Egypt's economy grew by 5.3 percent in the first half of the fiscal year, attributing this resilience to ongoing reforms. The French delegation praised Egypt's policy response to global shocks and expressed readiness to support expanded financial cooperation and investment, particularly in infrastructure and priority development sectors.
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