Kouchouk highlighted the IMF’s upward revision of Egypt’s economic growth forecast to 4.7% in 2027, compared with its previous projection of 4.4%.
Egypt’s economy is moving in a positive direction, with economic indicators showing continued improvement alongside the implementation of fiscal and economic reforms, Finance Minister Ahmed Kouchouk said.
Speaking during discussions with international investors at two meetings hosted by JPMorgan and Bank of America on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank, Kouchouk emphasized the government’s commitment to maintaining financial stability while stimulating investment, boosting production, and expanding exports.
Kouchouk highlighted the IMF’s upward revision of Egypt’s economic growth forecast to 4.7% in 2027, compared with its previous projection of 4.4%.
He stressed that greater transparency and clarity in communication with investors are helping reduce uncertainty and strengthen confidence in Egypt’s economic outlook.
The minister noted that Egypt has adopted a proactive approach to addressing economic shocks, which has received positive responses from investors and financial markets.
He also pointed to the country’s promising investment opportunities, supported by tax and customs incentives and streamlined procedures aimed at improving the business environment and encouraging economic activity.
Kouchouk highlighted Egypt’s strong fiscal performance, supported by expanding economic activity and increased private sector investment.
The country’s primary budget surplus rose to 4.9% of GDP during the previous fiscal year, while the overall budget deficit narrowed to 5.8% of GDP.
He attributed part of this improvement to the government’s tax facilitation measures and efforts to build stronger partnerships with taxpayers, which have encouraged voluntary compliance and contributed to a 27% increase in tax revenues without imposing additional financial burdens.
On debt management, Kouchouk reaffirmed the government’s commitment to reducing the external debt of budget sector entities by between $1 billion and $2 billion annually.
He added that the government is working to diversify its funding sources and financing instruments while extending debt maturities to meet financing needs at the lowest possible cost and over longer repayment periods.
