Egypt’s PM reviews IMF programme progress after Cabinet reshuffle

Egypt’s Prime Minister Moustafa Madbouly met on Wednesday with Finance Minister Ahmed Kouchouk to assess progress in the country’s programme with the International Monetary Fund (IMF), signalling continued commitment to reforms following a Cabinet reshuffle.

The meeting took place shortly after newly appointed ministers were sworn in before President Abdel Fattah El-Sisi, as authorities seek to maintain momentum on fiscal and structural measures tied to the IMF-backed agreement.

Madbouly reiterated the government’s commitment to a “balanced reform path” that considers social impact while pressing ahead with policies aimed at supporting growth, expanding private sector participation, and improving public spending efficiency, according to a Cabinet statement.

Kouchouk updated the prime minister on the latest developments in the ongoing IMF review and Egypt’s compliance with agreed commitments. He said the discussions covered public finance performance, debt management, foreign-currency inflows, and steps to enhance the investment climate.

The finance minister also outlined progress in the technical talks with the IMF mission, including efforts to broaden the tax base, strengthen fiscal discipline, and improve financial risk management to safeguard economic stability.

The officials said the government would continue coordinating closely across ministries to complete required reforms in the coming months, with the goal of strengthening confidence among international lenders and investors and advancing the country’s broader development agenda.

Attribution: Amwal Al Ghad English