Egypt's Finance Minister Ahmed Kouchouk said Thursday the International Monetary Fund's decision to combine the fifth and sixth reviews of Cairo's $8 billion loan programme enables a more accurate reading of the country's fiscal and economic performance. Speaking at investor meetings organised by J.P. Morgan, Morgan Stanley, and Goldman Sachs in Washington on the sidelines of the IMF and World Bank annual meetings, Kouchouk said recent tax facilitation measures have strengthened confidence and partnership with the business community, attracting new voluntary financiers. He said Egypt remains committed to implementing targeted policies to boost production and exports while maintaining fiscal discipline and economic stability. "What we promised, we have delivered," Kouchouk said, adding that Egypt's actual fiscal and economic outcomes aligned with government targets last year. He noted that the private sector responded rapidly to recent reforms, accounting for the largest share of total executed investments. "The private sector now accounts for the largest share of implemented investments, reflecting strong engagement with the reform agenda," Kouchouk said. Attribution: Amwal Al Ghad English
