Egypt’s economic recovery is gaining traction, supported by improvements in foreign exchange reserves and a decline in inflation, according to Mohamed Maait, the country’s Minister of Finance. These positive indicators reflect the impact of structural reforms and tighter monetary policy implemented over recent months. The buildup in hard currency reserves has helped stabilize the Egyptian pound, while inflation rates have shown a consistent downward trend, easing pressure on household budgets.
The government’s efforts to streamline public spending, attract foreign investment, and enhance fiscal discipline are contributing to renewed investor confidence. Additionally, international financial institutions have expressed cautious optimism about Egypt’s reform trajectory, which includes currency adjustments and subsidy reductions aimed at long-term macroeconomic stability.
While challenges remain, particularly in addressing unemployment and ensuring inclusive growth, the current momentum suggests that the economy is on a path toward stabilization. Sustained policy implementation and external support will be critical in maintaining this progress.
— news from (المصري اليوم)
— News Original —
The original title was: \”Just a moment…\”
The original content was: \”«معيط»: التعافي الاقتصادي بدأ مع تحسن الاحتياطي النقدي وانخفاض التضخم المصري اليوم\””