During his meeting with Prime Minister, Mostafa Madbouly, he added that Egypt’s tax revenues increased by 38.4% year-on-year, marking the highest annual growth rate in recent years.
Finance Minister Ahmed Kouchouk emphasized that Egypt is working to increase the international community's efforts in enhancing concessional development financing and creating greater financial space for developing countries.
He emphasized that the government is focused on fostering "a dialogue" with the business community and citizens to ensure their involvement in its economic direction and financial policies.
FinMin Kouchouk highlighted that the discussions — which have not yet been disclosed — include swapping debt for investments in clean energy and human development
By the end of FY2023/2024 (July 2024), Egypt’s external debt stood at $152.9 billion, down from $168 billion in June 2023.
