Among the banks implementing the changes are the National Bank of Egypt (NBE), Commercial International Bank (CIB), and Arab African International Bank (AAIB).
The finance minister also highlighted Egypt’s economic progress as a model for resilience and inclusive growth.
The International Finance Corporation's Managing Director Makhtar Diop praised Egypt’s success in mobilizing development finance in alignment with national priorities for inclusive and sustainable growth in a recent conference.
Despite ongoing challenges, including global conflict, energy sector strains, and a decline in Suez Canal revenues, HBSC's Williams expressed optimism about Egypt’s progress
The IMF report highlights that Egypt’s growth forecast for FY2024/2025 was revised upward to 3.8%, reflecting stronger-than-expected performance in the first half of the fiscal year.
