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Fitch's Egypt rating and reserve increase
Egypt's credit rating has been maintained at a "B" level with a stable outlook by Fitch Ratings, reflecting confidence in the stability of the Egyptian economy and its ability to absorb shocks amidst regional challenges. The Ministry of Finance confirmed that balanced economic policies contributed to achieving a growth rate of 5.1% during the fiscal year 2025/2026, with the primary surplus rising to 4.9% of GDP and overall fiscal deficit decreasing to 5.8%. Experts also pointed out Egypt's capacity to retain a positive outlook from international institutions, while emphasizing the need to address challenges related to debt size and debt service costs to strengthen economic resilience. The Egyptian economy relies on a robust foreign exchange reserve of $58 billion, high tax revenues, and flexibility in absorbing market fluctuations. It is also moving towards self-reliance and boosting domestic sectors such as tourism and small enterprises.
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