This came within the framework of his new tour in London, where he met Egyptian Minister of Finance Ahmed Kojok met more than a hundred representatives of major financial institutions, investment and development banks in London. Kojok sent several messages to these institutions, reflecting their great interest in the Egyptian stock market.
The Egyptian minister stressed that the budget indicators in June were “good”, and the economy is more stable with private sector growth.
“We achieved a 6.1 percent primary surplus, including revenues,” said Egypt’s Finance Minister Ahmed Kouchouk.Head of wisdom“As well as the inability Budget Decreased to 3.6 percent.
Referring to the internal debt rate of the budget, he explained that it had decreased by 4.7 percent, and that external debt had decreased by more than 4 percent with an average maturity period extending to 12.7 years.
The following are the most important statements of Ahmed Kouchouk, the Egyptian Minister of Finance:
- Achieving annual primary surpluses to reduce debt to less than 85 percent by the end of the next fiscal year
- Developing the government securities market…to attract new investors and reduce the cost of financing
- We cooperate with the International Monetary Fund… with a comprehensive program to improve the performance of the Egyptian economy
- Managing macroeconomic risks with a more hedging perspective while leveraging global expertise
- We look forward to a greater role for multilateral banks in promoting the growth and development of emerging economies.
