It said the upgrade underscores Egypt’s progress in fiscal consolidation, stronger macroeconomic indicators, and expanded access to external financing, alongside expectations for a sustained improvement in economic growth over the coming period.
The survey revealed a significant easing of inflationary pressures in April. This was attributed to recent policy measures aimed at improving the availability of foreign currency.
Maait emphasized the government's commitment to rebuilding trust in the Egyptian economy by outlining the trajectory of its new economic policies, which promise significant opportunities for growth.
