Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict

Egypt's government has set ambitious goals to slash the debt-to-GDP ratio to 78% by 2027 and reduce external debt by $1 billion to $2 billion, despite ongoing regional turmoil stemming from the US-Iran conflict. Prime Minister Mostafa Madbouly highlighted these targets as the economy still managed a solid 5% growth in Q3, underscoring resilience. This strategic economic plan is crucial for Egypt's long-term financial stability and growth, especially as it navigates global geopolitical challenges.