Egypt’s PM signals continued debt reduction, promises measures ‘within days’

Egypt’s government is preparing to unveil new measures to reduce the country’s debt-to-GDP ratio, Prime Minister Moustafa Madbouly said on Tuesday, as the North African nation aims to bring its debt levels to the lowest in decades.

Speaking at the first weekly press conference of 2026, Madbouly said the government’s economic team, in coordination with the Central Bank of Egypt (CBE), has successfully lowered the debt ratio from over 96–97 per cent less than two years ago to 84 per cent in the last fiscal year.

“God willing, we are taking steps that will achieve the lowest debt-to-GDP ratio Egypt has seen in decades,” he said. “Within days, we will announce a set of measures, which are being finalised now.”

Madbouly emphasised that all planned measures are being developed within the framework of international financial standards and regulations, under close scrutiny from global institutions monitoring Egypt’s economic performance.

The prime minister also stressed that the government is addressing public concerns and ensuring economic stability while implementing policies to maintain macroeconomic stability and fiscal discipline.

“This government speaks clearly and with measured words. Every step is planned professionally and transparently,” he added, noting that the public and experts can expect formal announcements soon.

Attribution: Amwal Al Ghad English