Egypt’s Minister of Finance, Ahmed Kouchouk, has emphasised the country’s adept handling of complex geopolitical impacts while implementing a comprehensive program to enhance economic performance. He expressed optimism regarding the International Monetary Fund (IMF) Board’s approval of Egypt’s economic reform program during the third review scheduled for July 29. Additionally, efforts are underway to reduce inflation rates, ensuring price stability, improving living standards, and supporting business competitiveness. Simultaneously, the government is streamlining tax and customs procedures to rebuild trust between the business community and tax administration, ultimately improving services for taxpayers. The Minister of Finance reaffirmed the government’s commitment to driving structural reforms and encouraging private investments in renewable energy, technology, water desalination, and infrastructure sectors.

Source: Daily News Egypt July 27, 2024 21:07 UTC