PM Mostafa Madbouly said that the state has recently worked on monetary and financial policy reforms, in addition to improving some measures through economic reforms.
Madbouly added during a press conference Wednesday that there are important indicators presented by the Minister of Planning today before the Cabinet.
He noted that the external debt recorded $168 billion in December 2023, and at the end of June 2024, it dropped to $152.8 billion, a decrease of $15 billion in 6 months.
He pointed out that this decline occurred through economic measures taken by the state, including the Ras Al-Hikma deal, reforming the conditions of Egyptian banks, and net foreign assets that had been present for more than two years, which reached an average of -$27 billion and today exceeded $13 billion.
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