Egypt is working on new financial initiatives, including debt-for-investment swaps and pro-growth measures to reinforce economic and fiscal stability, Minister of Finance Ahmed Kouchouk has said. During a roundtable by the Egyptian-British Chamber of Commerce in London, Kouchouk has emphasised the importance of restoring investor and taxpayer confidence in the government's economic and fiscal reform strategy. "We are building a new relationship with taxpayers based on transparency, simplification, and improved service quality," he said, adding that structural reform efforts include overhauling human capital and institutional frameworks across all revenue agencies. Kouchouk noted that Egypt has begun applying unified risk management standards in cooperation with the Ministry of Investment and Foreign Trade to reduce cost and time for investors in customs procedures. He added that the new state budget prioritises growth, industrial expansion, exports, and support for entrepreneurship. The Egyptian economy is on the right track, with significant improvements seen last year, including a 33 per cent increase in exports, a 77 per cent rise in private investment, a strong rebound in manufacturing, and continued growth in tourism. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
