2 Days
Source:
مصراوي
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Kjuk: Debt costs rise, interest rate drop helps
Ahmed Kjouk, the Egyptian Minister of Finance, stated that the rising debt service burdens are the biggest challenge, especially in light of increasing interest rates. He explained that as interest rates decline, the debt service bill will decrease significantly. He clarified that the medium-term debt management strategy aims to extend maturities, diversify instruments, and broaden the investor base to reduce refinancing risks. Additionally, he emphasized that achieving substantial primary surpluses contributes to steering the debt ratio and its burdens on a sustainable downward path, reaffirming that successful proactive financial policies support economic growth and maintain financial stability.
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