Egypt’s balanced fiscal policies have contributed to reducing debt and inflation rates while driving economic activity, Deputy Minister of Finance for Fiscal Policy Yasser Sobhy said. Speaking at the first Africa Finance Summit, Sobhy stated that financial stability remains a fundamental pillar for economic growth and improving citizens’ living standards. He noted that the Egyptian government is currently developing its public finance management and implementing programme-based budgeting to enhance the efficiency of public spending and achieve fiscal targets within a comprehensive and integrated economic vision. According to Sobhy, Egypt’s experience in sustainable finance is creating new opportunities for African economies. He concluded by stating that the Borrowing Countries Forum would contribute to improving financing conditions for Africa and developing nations, thereby boosting investment flows and supporting inclusive, sustainable growth.

Source: Daily News Egypt February 28, 2026 16:53 UTC