Minister Kouchouk explained that the government aims to extend the average debt maturity to five years, lower debt service costs to about seven percent of GDP within the same period, and increase concessional financing sources to ease fiscal pressures.
A significant portion of exceptional revenues, he said, is being directed toward cutting public debt and funding human development and social protection programmes.
The minister noted that Egypt is also working on debt-for-investment swaps following the success of the Ras El-Hekma deal, while continuing efforts to convert a substantial share of deposits from Arab and some Western countries into direct investments to reduce the debt burden more effectively.
During three consecutive investor sessions organized by J.P. Morgan, Morgan Stanley, and Goldman Sachs, Kouchouk reaffirmed that Egypt has fulfilled its commitments.
“We have delivered on what we promised, and we are pleased that the economic and fiscal results achieved are in line with our targets for the past fiscal year,” he said.
Kouchouk also highlighted that the implementation of planned economic and fiscal reforms has yielded strong results, with the private sector responding rapidly and capturing the largest share of executed investments.
He explained that merging the IMF’s fifth and sixth reviews allows for a clearer assessment of economic and fiscal performance based on actual results from the last fiscal year.
He added that recent tax facilities and incentives have fostered a climate of trust and partnership with the business community, attracting new voluntary financiers and strengthening the investment environment.
Moreover, Kouchouk stressed that the government remains committed to adopting more targeted policies and programmes to boost production and exports, while maintaining fiscal discipline and macroeconomic stability.
Regarding investment plans, he said Egypt aims to launch three to four public offerings annually as part of its drive to accelerate private investment rates.
The government, he noted, is preparing new listings in the financial sector, insurance, airport management, logistics, and renewable energy during the current fiscal year.
The minister underscored that these efforts are part of a comprehensive national strategy to sustain fiscal stability, encourage private sector-led growth, and reduce the state’s debt obligations through a balanced mix of fiscal consolidation, structural reform, and investment mobilisation.
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