Egypt Signs EGP 196bn Agreements to Resolve Decades-Old Financial Overlaps

Egyptian Prime Minister Mostafa Madbouly witnessed the signing of two framework agreements to resolve historic financial overlaps between the National Investment Bank and several government bodies, with total settlements amounting to nearly EGP 196 billion.

The agreements are part of wider government efforts to address long-standing financial obligations between state institutions, some dating back to the 1980s. The move comes in implementation of directives from President Abdel Fattah El-Sisi to improve coordination between state bodies, restore financial balance to national entities, and reduce pressure on the state budget.

The first framework agreement was signed to settle financial obligations between the National Investment Bank and companies affiliated with the Holding Company for Water and Wastewater.

The agreement was signed by Finance Minister Ahmed Kouchouk, Housing, Utilities and Urban Communities Minister Randa El-Menshawy, and Planning and Economic Development Minister Ahmed Rostom.

Under the agreement, debts owed to the National Investment Bank by companies affiliated with the holding company will be settled at a value of EGP 62.2 billion as of the end of December 2025.

The second framework agreement was signed to settle financial obligations between the National Investment Bank and both the General Authority for Reconstruction Projects and Agricultural Development and the Egyptian Agricultural Authority.

The agreement was signed by Finance Minister Ahmed Kouchouk, Agriculture and Land Reclamation Minister Alaa Farouk, and Planning and Economic Development Minister Ahmed Rostom.

It covers debts owed by the General Authority for Reconstruction Projects and Agricultural Development to the National Investment Bank, amounting to EGP 133.5 billion as of the end of December 2025. It also includes debts owed by the Egyptian Agricultural Authority, valued at EGP 306 million as of the end of March 2025.

The government said the agreements represent one of the largest financial reform steps aimed at closing old settlement files and restructuring financial relations between state entities.