She said Fitch Which gave Egypt a stable outlook: “Egypt’s external finances have been strengthened…foreign exchange reserves have recovered, and we have somewhat greater confidence that a more flexible exchange rate policy will prove more sustainable than in the past.”
Fitch added that the risks facing Egypt’s public finances have decreased slightly and that it expects a noticeable decrease in the interest burden on the very high domestic debt.
And seek Egypt To attract large-scale investment as it tries to overcome a protracted economic crisis that has led to record inflation, a high debt burden and a sharp decline in the value of the currency over the past two years.
Fitch also warned of further escalation in the ongoing conflicts in the Middle East, saying that this represents a major danger to Egypt.
