CAIRO – Prime Minister Mostafa Madbouly emphasised keenness to follow up on the work of the External Debt Management Committee.He pointed out to the government’s interest in ensuring the continuation of efforts aimed at achieving the targets of sustaining the downward path of external debt.He also stressed the importance of consolidating the governance determinants of external debt and borrowing within a general framework that ensures its movement within safe limits, taking into account a priority list of the state’s main requirements and projects, as well as the continuous updating of cooperation frameworks with international development partners in line with the national sustainable development agenda.Madbouly made the remarks while following up on the committee’s efforts during a meeting held Monday evening.
The meeting was attended by Hassan Abdullah, Governor of the Central Bank, Rania Mashat, Minister of Planning, Economic Development and International Cooperation, Ahmed Kouchouk, Minister of Finance, Hassan Khatib, and Minister of Investment and Foreign Trade.Cabinet Spokesman Mohamed Homosani said the meeting reviewed a report by Planning Minister Mashat on external debt indicators during the fiscal year 2024/2025.The report addressed developments in external debt, highlighting the positive steps taken to enhance the impact of the national structural reform program in improving aggregate indicators.It also covered achieving macroeconomic stability, boosting competitiveness, business environment, and green transformation, as well as improving the investment and export environment, strengthening financial solvency indicators, and increasing the gross domestic product (GDP) at rates exceeding debt growth to enhance the ability to repay external debt.
