The meeting, held shortly after the new cabinet members were sworn in before President Abdel Fattah El-Sisi, underscores the government's commitment to maintaining coordination with international partners amid a significant administrative overhaul.
During the talks, Madbouly reaffirmed Egypt’s commitment to
a balanced reform path that weighs economic necessity against social impact. He
emphasized the need for measures that stimulate private sector growth and
improve the efficiency of public spending.
Finance Minister Kouchouk provided an update on the current
IMF review and Egypt’s progress in meeting commitments under the loan program.
The discussions covered several key macroeconomic indicators, including developments
in fiscal management and debt reduction strategies, monitoring foreign currency
inflows and reserves, and the ongoing efforts to attract foreign capital and
simplify business regulations.
Kouchouk briefed the Prime Minister on recent technical
communications with the IMF mission. He highlighted the ministry’s focus on
broadening the tax base, tightening fiscal consolidation, and improving
financial risk management to ensure long-term stability.
The meeting concluded with a call for continued close coordination between state agencies to complete the upcoming stages of the reform program. Officials noted that these steps are vital to boosting the confidence of international institutions and investors in Egypt’s economic priorities.