We realize the size of the global and regional challenges and we are constantly working to raise the efficiency of financial risk management.

The budget indicators in June 2024 are good and reassuring and push us to complete the path of economic reform.

The Egyptian government is moving in more than one direction according to an integrated and consistent vision to enhance the competitiveness of the economy and boost exports and investment.

We are working to make our financial policies more stimulating to increase the private sector's contributions to economic activity.

My series of meetings with international investors began from London with a realistic speech explaining the challenges and economic reforms.

Britain is one of the largest investing countries in the Egyptian market and we look forward to increasing its projects in the productive sectors and human development.

We have many ideas that open broad horizons for bilateral and multilateral cooperation to achieve economic and social development.

We are open to all initiatives and programs aimed at facilitating procedures related to facilitating and boosting the movement of international trade and ensuring the competitiveness of the Egyptian economy.

 

 

Ahmed Kouchouk, Minister of Finance, assured that the economic situation in Egypt has become stable and we will work to attract private investments, pointing to the achievement of good and reassuring financial indicators in the budget of last year ending in June 2024, as we were able to reduce the budget deficit to 3.6% and achieve a primary surplus of 6.1% including the returns of "Ras Al-Hikma", which prompts us to complete the path of economic reform in light of the global and regional challenges whose size we realize, and we are constantly working to raise the efficiency of financial risk management associated therewith, to limit the negative effects of economic repercussions on various sectors and citizens.

 

The Minister said, in his first meeting with the British Ambassador to Cairo, Gareth Bailey, at the Ministry of Finance headquarters in the Administrative Capital, that the Egyptian government is moving in more than one direction according to an integrated and consistent vision to enhance the competitiveness of the Egyptian economy and boost exports and investment, in light of the current global and regional challenges, explaining that we are working to make our financial policies more stimulating to increase the role and contributions of the private sector in economic activity, which contributes to the optimal exploitation of our preferential advantages, advanced infrastructure and investment incentives, in a way that helps deepen local production and manufacturing.

 

The Minister added that he began his series of meetings with international investors from London with a realistic and balanced speech that explains the challenges and economic reforms that the state is taking in the short and medium term, within the framework of the Egyptian government's keenness to provide updated economic data that strengthens bridges of trust and credibility with all segments of investors.

 

 

The Minister explained that Britain is an important economic partner for Egypt, and is one of the largest investing countries in the Egyptian market. We look forward to increasing its projects in the productive sectors and human development, especially since we have many ideas that open broad horizons for bilateral and multilateral cooperation to achieve economic and social development. We are open to all initiatives and programs aimed at facilitating procedures related to facilitating and promoting international trade and ensuring the competitiveness of the Egyptian economy.