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Egypt’s Finance Minister, Ahmed Kouchouk, met with representatives from leading financial institutions and investment banks during the annual meetings of the IMF and World Bank in Washington. Key participants included officials from Citibank, Morgan Stanley, Moody’s, Jefferies, JP Morgan, and Ajman Bank.
Minister Kouchouk discussed Egypt’s economic developments and financial policies, emphasizing the government’s commitment to fostering investor confidence in the country’s diverse economic landscape. He noted the removal of preferential treatments for state-owned companies to enhance market competitiveness and announced a LE1 trillion cap on public investments to encourage private sector involvement.
Kouchouk outlined new initiatives aimed at boosting exports, technology, tourism, the green economy, and the automotive sector to stimulate growth. He also stressed the importance of fiscal policy in promoting financial stability, aiming to maintain primary surpluses and reduce the debt-to-GDP ratio. Recent tax reforms were highlighted as part of broader economic reforms to build partnerships with both local and foreign businesses.
