CAIRO, May 18 (MENA) - Minister of Finance Ahmed Kouchouk said the Egyptian economy is developing with positive indicators, noting that the strong financial performance over the past 10 months is driving the country to proceed with the path of economic reform within the framework of a comprehensive and integrated national program.

Kouchouk made the remarks during his meeting on Sunday with International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke, who is currently on his first visit to Egypt.

Egypt achieved the highest primary surplus of 3.1% of GDP during the period from July 2024 to April 2025, the finance minister said, noting that the country is adopting an advanced approach to manage financial policies with a view to boosting economic activity with more stimulating and effective initiatives.

He added that efforts to empower the private sector have begun to bear fruit, with the sector accounting for 60% of total investments during the first half of the current fiscal year. (MENA)

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