Egypt's Finance Minister, Ahmed Kouchouk, has confirmed that the country's economic indicators have shown significant improvement, and he believes that the future holds even better prospects, as per an official statement on Sunday. Speaking at a meeting with the US Chamber of Commerce in Washington, Minister Kouchouk said fiscal policies had shifted to strike a balance between maintaining discipline and stimulating private-sector-driven growth. He highlighted priorities for Egypt's 2025/2026 budget, including boosting production, exports, manufacturing, and tourism, while stressing that building trust, certainty, and strong partnerships were key to advancing tax and customs reforms. The government aims to broaden the tax base by encouraging voluntary compliance through new facilitation packages. Minister Kouchouk said Egypt's fiscal results for the first nine months of the year were "promising and ambitious," reflecting the economy's potential to attract both local and foreign private investment. The minister noted that Egypt is revising its economic strategy to enhance global competitiveness, focusing on structural reforms to create a more investor-friendly environment across all sectors. Efforts are also underway to draw greater American investment, with a focus on transferring advanced technologies and positioning Egypt as a regional production and export hub. Minister Kouchouk added that the government is adopting a medium-term strategy to ease debt costs, improve debt metrics, and diversify financing sources. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
