In an open dialogue with investors during three consecutive sessions organized by J.P. Morgan, Morgan Stanley, and Goldman Sachs on the sidelines of the IMF and World Bank Annual Meetings in Washington, Kouchouk explained that Egypt successfully implemented its targeted economic and fiscal reforms, which were met with a swift and positive response from the private sector, now accounting for the largest share of executed investments.

He noted that merging the fifth and sixth IMF reviews will allow the assessment of Egypt’s economic and fiscal performance based on the actual results of the previous fiscal year. He also emphasized that recent tax facilitation measures have fostered an atmosphere of trust and partnership with the business community, attracting new voluntary investors.

Kouchouk reaffirmed the government’s commitment to adopting more targeted policies and programs to stimulate production and exports, while ensuring fiscal discipline and economic stability.

He added that Egypt aims to execute three to four public offerings annually, focusing on financial services, insurance, airport management, logistics, and renewable energy sectors during the current fiscal year — all part of the broader effort to boost private investment levels.

The minister also revealed that a significant portion of exceptional revenues is being allocated to reduce public debt and finance human development and social protection programs. He further announced that a comprehensive debt management strategy for general government entities will be unveiled in December.

Kouchouk stated that the government targets lowering the debt-to-GDP ratio to below 75% within three years, extending the average debt maturity to five years, and reducing debt service costs to around 7% of GDP over the same period, alongside efforts to increase access to concessional financing.

He added that Egypt is also working to swap part of its debt for investments, following the successful Ras El Hekma transaction, and seeks to convert a substantial share of Arab and some Western deposits into investments, thereby significantly easing the debt burden.