Increasing the role and contribution of the local and foreign private sector in the Egyptian economy tops the priorities of the new government

- Rationalizing public investment spending drives the movement of private investments in the comprehensive and sustainable development process.

- Tax policies and procedures during the next stage are more stable and supportive of the private sector and stimulating investment.

- We will strongly support production and export. We have preferential advantages that enhance the competitiveness of Egyptian investment opportunities in the region.

- Advanced infrastructure and smart investment incentives are an “attractive nucleus” for the local and foreign private sector.

- We deal with global and regional challenges with an integrated and flexible strategy to enhance economic recovery and stability.

- We cooperate with the International Monetary Fund within the framework of a comprehensive program to develop the performance of the Egyptian economy.

- The Egyptian government aims to reduce inflationary burdens with consistent and balanced economic policies.

- We will have a greater opportunity to quickly reduce debt and its service bill for the domestic product with the decline in inflation rates and the severity of financing pressures.

- Reform programs with international institutions will contribute to providing more than half of the budget agencies' financing needs in foreign currencies for the current fiscal year.

- Committed to the debt ceiling, government guarantees, diversifying financing sources and tools, and achieving sustainable growth goals.

- The Egyptian government is keen to open up to the fullest extent with all segments of investors. Our economy is diverse.

- Enhancing meetings with foreign investors to attract more investments.

- We will talk to investors with a realistic, consistent and balanced discourse that reflects the size of the challenges and clarifies the path of economic reform.

- Clarifying the economic gaps and structural reforms taken and targeted in the short and medium term.

- We will work to provide updated economic data that strengthens bridges of trust and credibility with all investors.”

 

 

 

Minister of Finance, Ahmed Kouchouk, assured that increasing the role and contribution of the local and foreign private sector in the Egyptian economy tops the priorities of the new government, explaining that rationalizing public investment spending drives the movement of private investments in the comprehensive and sustainable development process, and that tax policies and procedures during the next stage will be more stable and supportive of the private sector and stimulate investment, adding that we will strongly support production and exports, and we have preferential advantages that enhance the competitiveness of Egyptian investment opportunities in the region. The advanced infrastructure and smart investment incentives represent an "attractive nucleus" for the local and foreign private sector.

 

In his first meeting with international investors in a number of financial institutions and investment banks in London, the Minister said that we are dealing with global and regional challenges with an integrated and flexible strategy to enhance economic recovery and stability, and we are cooperating with the International Monetary Fund within the framework of a comprehensive program to develop the performance of the Egyptian economy, explaining that the Egyptian government aims to reduce inflationary burdens with consistent and balanced economic policies.

 

The Minister added that we will have a greater opportunity to quickly reduce debt and debt service bill for GDP with the decline in inflation rates and the intensity of financing pressures, especially since reform programs with international institutions will contribute to providing more than half of the financing needs of budget agencies from foreign currencies for the current fiscal year, noting that we are committed to the debt ceiling and government guarantees, diversifying sources and tools of financing, and achieving sustainable growth goals.

 

The Minister pointed out that the Egyptian government is keen to open up to the fullest extent with all segments of investors, especially since our economy is diversified. The coming period will witness the strengthening of meetings with foreign investors to attract more investments. The Minister added that we will talk to investors with a realistic, consistent and balanced discourse that reflects the size of the challenges and clarifies the path of economic reform, while clarifying the economic gaps and structural reforms taken and targeted in the short and medium term. The Minister also added that we will work to provide updated economic data that strengthens bridges of trust and credibility with all investors, including international investors.