Egypt Formalizes New Ministerial Economic Group to Drive 2026 Fiscal and Monetary Reforms
Prime Minister Dr. Mostafa Madbouly has issued Decree No. 1013 of 2026, establishing the new Ministerial Economic Group. Chaired by the Prime Minister, the group integrates key leaders including the Deputy PM for Economic Affairs, the Governor of the Central Bank of Egypt, and the Ministers of Finance, Investment, Planning, and Industry. A notable addition to this elite policy-making body is Dr. Islam Azzam, the recently appointed Chairman of the Financial Regulatory Authority (FRA), whose inclusion signals a strategic focus on aligning non-banking financial sectors with national economic goals.
The Ministerial Group will convene weekly to ensure rapid response to market shifts and to streamline high-level decision-making. Dr. Azzam’s appointment follows his distinguished tenure as the head of the Egyptian Exchange (EGX) in late 2025 and his long-standing leadership at the FRA. His role will be pivotal in coordinating between capital markets, insurance, and real estate financing sectors to bolster Egypt’s financial stability and attract foreign direct investment.
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