Egyptian Prime Minister Moustafa Madbouly chaired a high-level meeting on Monday evening to review the work of the External Public Debt Management and Borrowing Regulation Committee, as the government seeks to sustain a downward trajectory in foreign debt and enhance fiscal governance. The meeting was attended by Central Bank Governor Hassan Abdalla, Planning and International Cooperation Minister Rania Al-Mashat, Finance Minister Ahmed Kouchouk, Investment and Foreign Trade Minister Hassan El-Khatib, and senior officials from the Central Bank and relevant ministries, the Cabinet said in a statement. Madbouly reaffirmed the government's commitment to maintaining external debt within safe and sustainable levels, guided by a comprehensive framework that aligns borrowing with national priorities and key development projects. He also stressed continued coordination with international development partners under Egypt's sustainable development agenda. Cabinet Spokesman Mohamed El-Homsany said the session reviewed a report by Planning Minister Al-Mashat on external debt indicators for fiscal year 2024/25. The report highlighted positive trends supported by the National Structural Reform Program, including improved macroeconomic stability, enhanced competitiveness, and stronger debt sustainability. The minister noted that Egypt's GDP growth continues to outpace debt accumulation, strengthening the country's ability to meet external obligations while advancing green transition goals and improving the investment climate. Attribution: Amwal Al Ghad English
