Cairo: Minister of Finance Ahmed Kouchouk confirmed that the Egyptian economy has begun to "recover and improve," and that the private sector is moving strongly, accounting for 60% of investments. He explained that the economic and financial position is good and improving, with achievements exceeding targets.

According to State Information Service Egypt, during an open discussion at the American University in Cairo, moderated by Dr. Rabab El Mahdi, Professor of Political Science, the Minister of Finance revealed expectations to complete the fifth and sixth reviews of the economic reform program with the International Monetary Fund soon.

Ahmed Kouchouk elaborated that the debt-to-GDP ratio has decreased by 10% over two years, contrasting with an increase of about 7% of GDP in other emerging countries. He highlighted that the Ministry of Finance is currently repaying more than it borrows, and the budget's external debt has decreased by $3 billion over two years.

The Minister added that the government is focused on replacing part of the debt with investments and directing any exceptional revenues toward debt reduction. He emphasized that the state's focus on improving and reducing debt indicators reflects the consistency of policies and priorities, noting the adoption of tax policies that support the economy and encourage partnerships with the private sector by reducing burdens and facilitating investment.