Egypt's Finance Minister Ahmed Kouchouk announced that risks related to the country's public debt have declined, driven by growing investor confidence in its economic trajectory and improving macroeconomic indicators. He noted that Egypt's strong performance in international markets has led to a drop in yields on its international bonds to 4%. Kouchouk spoke at the 15th Annual Conference of the Egyptian Investment Management Association.
Egypt's Finance Minister Ahmed Kouchouk discussed improvements in the public debt situation, noting that increased investor confidence and positive macroeconomic indicators have reduced risks. He confirmed that the country's strong performance in international markets has resulted in yields on its international bonds dropping to 4%. In his speech at the 15th Annual Conference of the Egyptian Investment Management Association, Kouchouk explained that fiscal policies have become more effective in supporting the economy and capital markets, enhancing Egypt's appeal as an investment destination.
The minister highlighted the government's priorities in incentive programs and targeted initiatives to stimulate economic activity while maintaining fiscal discipline and financial stability. He added that efforts are underway to improve all debt indicators, creating greater fiscal space for higher economic growth and increased social spending. Kouchouk stated: “There is nothing better than a partnership of trust with the private sector, and we still have a long journey ahead on this path.”
He outlined an integrated economic vision based on coherent policies that support production and exports, generate sustainable resources, and strengthen human development and social protection. Kouchouk expressed appreciation for the private sector's strong response to economic reforms and its role in meeting national goals, with positive indicators reflecting the partnership's strength. He reported that economic growth reached 5% in the first quarter of the year, driven by increased production and exports, along with notable improvements in tourism, information technology, and industrial sectors.
Additionally, there was a rise in foreign direct investment and a 40% increase in private investment during the first quarter, as well as growth in goods and services exports. He pointed to the expansion of youth-led ventures in information technology and programming. Tax revenues increased by 32% in the first quarter of the current fiscal year without new burdens, while external debt for budgetary entities declined by 12% over the past two years, underscoring the government's commitment to fiscal sustainability.