Prime Minister Mostafa Madbouly said the government continues its efforts to maintain a sustainable downward trend in external debt, while focusing on attracting more new foreign investments to exploit promising investment opportunities in various sectors.
Madbouly made the comments during a cabinet meeting that he held on Tuesday, July 22, 2025, to review the measures aimed at reducing public debt to the Gross Domestic Product (GDP) ratio.
The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, Minister of Finance Ahmed Kouchouk and Deputy Minister of Finance Yasser Sobhi, said Cabinet Spokesman Mohamed al-Homsani.
The spokesman stated that the meeting addressed several topics, including managing and regulating external debt, as well as the measures to cut public debt and diversify the investor base, currencies and markets.
The meeting also underlined the importance of achieving the required balance between maintaining the set ceiling for investment spending and reducing reliance on foreign loans, in addition to strengthening partnerships with the private sector, according to the spokesperson.
