Saturday 18/April/2026 – 02:08 PM
Dr. Mostafa Madbouly, Prime Minister, met with Ahmed Kouchouk, Minister of Finance, to review the highlights of the meetings of the International Monetary Fund and the World Bank in Washington. The minister stressed that his meetings with the region’s finance ministers and international investors focused on the resilience of the Egyptian economy in the face of external shocks, the shift towards a green economy, and strengthening partnership with the private sector.
Fiscal policy priorities and supporting economic activity
The Minister of Finance explained that the state is working according to four strategic priorities aimed at controlling public finances and stimulating the business community. He pointed out that the “language of disclosure” with investors during the meetings organized by “Bank of America” and “Société Générale” gave them a clear vision of the business environment in Egypt, stressing that the path of tax facilitation contributed to increasing revenues by 29% during the current fiscal year without imposing new burdens.
Strong performance indicators and an unprecedented primary surplus
The Minister reviewed the improvement in financial performance indicators during the period from July to March, as the Egyptian economy achieved a growth rate of 5.3% during the first half of the current fiscal year. He also revealed achieving a primary surplus of 3.5% of GDP, driven by strong growth in the industrial, information technology, and tourism sectors, in addition to an increase in private sector investments by 42% in the first quarter.
Emerging market challenges and innovative financing solutions
During his participation in a roundtable on emerging markets, Kjok stressed that rising energy prices and disruption of supply chains represent the biggest challenge globally. He stressed the need to find innovative solutions to manage the debts of developing countries, redouble international efforts to reduce the cost of financing, and provide sufficient financial space to meet the needs of sustainable development in light of the current regional challenges.
Promoting a “partnership of trust” with the business community
The Minister concluded his presentation by emphasizing that the government is working to strengthen the “partnership of trust” with investors through various packages of tax and customs facilities. He pointed out that there is complete coordination between government agencies to ensure rapid decision-making and effective communication with international markets, which supports the export path and creates greater opportunities for achieving sustainable development, while noting the growing role of the private sector in development projects.
