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Mostafa Madbouly Discusses Economy and Debteler
Prime Minister Mostafa Madbouly delivered a speech before a presidential meeting, during which he confirmed that the Egyptian economy achieved a growth rate of 5.1% during the fiscal year 2025/2026, making it one of the highest growth rates in the Middle East. He also noted that inflation is projected to decrease to 12.7%, and unemployment has fallen to a historic low of 5.8%. Additionally, he explained that foreign exchange reserves increased by 32%, public debt declined to 81.8% of GDP, and a primary surplus of 4.9% was achieved. The international report from the International Monetary Fund (IMF) praised Egypt's ability to overcome crises, along with a government plan to deepen cooperation with citizens at the upcoming October conference.
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