The Egyptian Ministry of Finance announced plans to accelerate the reduction of debt-servicing costs following a recent credit rating upgrade by Moody’s. The agency raised Egypt’s rating to B3 with a positive outlook, citing fiscal reforms and stabilized public finances.
- Moody’s upgraded Egypt’s credit rating to B3, noting that continued economic reforms and fiscal discipline bolster the nation’s growth prospects.
- Government data shows public debt fell to 81.9% of GDP as of June 2026, while net foreign exchange reserves reached $57 billion by September 2026.
- Tax revenues rose to 13% of GDP, an increase of 1.6 percentage points over two years, achieved without new tax burdens.
- Officials stated that future structural reforms will focus on increasing private sector investment and expanding social spending on health and education.
The government maintains that its balanced fiscal policy will continue to support long-term economic stability. #Egypt #Economy #Finance #Moody’s @Moody’s