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 outlook for the Egyptian banking sector appears stable, with real GDP growth projected to accelerate from 2.4% in 2023 to 4.2% in 2025 and 5.4% in 2026.
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.
A report explains that the decline in exports was primarily due to lower values of certain commodities.
The Egyptian government is providing financial support to the groups most affected by the current inflationary pressures.
