Egypt has taken an important step in opposition to resolving longstanding monetary liabilities amongst state entities, with High Minister Mostafa Madbouly overseeing the signing of 2 framework agreements value a mixed EGP 196bn to settle historic money owed relationship again to the Nineteen Eighties.
The agreements shape a part of the federal government’s broader structural reform schedule and efforts to support the monetary positions of state-owned entities, beef up the utilisation of public property, and cut back force at the state price range.
The primary settlement addresses monetary liabilities between the Nationwide Funding Financial institution (NIB) and subsidiaries of the Maintaining Corporate for Water and Wastewater. It used to be signed through Minister of Finance Ahmed Kouchouk, Minister of Housing, Utilities and City Communities Randa El-Menshawy, and Minister of Making plans, Financial Construction and World Cooperation Rania Al-Mashat. The settlement supplies for the agreement of money owed owed to the NIB amounting to EGP 62.2bn as of the tip of December 2025.
The second one settlement used to be signed through Kouchouk, Minister of Agriculture and Land Reclamation Alaa Farouk, and Al-Mashat. It covers the agreement of EGP 133.5bn in liabilities owed through the Basic Authority for Reconstruction and Agricultural Construction to the NIB as of December 2025, along with EGP 306m owed through the Egyptian Agricultural Authority as of March 2025.
Talking after the signing rite, Madbouly reaffirmed the federal government’s dedication to resolving remarkable monetary liabilities amongst state establishments, describing them as historic demanding situations that experience constrained the efficiency of a number of public entities. He stated addressing those problems would create higher alternatives for institutional construction and beef up the standard of services and products equipped to voters.
Kouchouk described the agreements as crucial step ahead in Egypt’s structural reform programme, emphasising that the settlements would fortify the optimum utilisation of state property, support financing constructions, and reinforce the potency and function of nationwide entities.
He added that the federal government continues to coordinate carefully with agricultural establishments to fortify agricultural enlargement and broader financial construction targets.
For his section, Farouk stated the settlements would give a contribution to advancing agricultural construction, bettering meals safety, expanding agricultural and agro-industrial manufacturing, and boosting agricultural exports consistent with Egypt’s sustainable construction technique.
Al-Mashat described the agreements as a landmark fulfillment in intergovernmental coordination below the direct supervision of the High Minister. She stated the settlements would fortify macroeconomic steadiness, maximise the price of state property and assets, and ship a robust sign to buyers in regards to the govt’s choice to get to the bottom of longstanding monetary problems.
She added that the agreements quilt strategic sectors crucial to Egypt’s nationwide safety, together with agriculture, meals safety, and ingesting water services and products. Eliminating decades-old monetary burdens, she famous, would permit those sectors to function extra successfully and pursue long term expansion alternatives.
In the meantime, El-Menshawy stated the agreement involving water and wastewater corporations represents crucial step in opposition to making improvements to monetary self-discipline and strengthening the monetary positions of state-owned utilities.
She added that the settlement displays efficient coordination amongst govt establishments and can fortify the Maintaining Corporate for Water and Wastewater and its subsidiaries in bettering operational efficiency and keeping up carrier high quality.
The federal government stated the agreements are a part of ongoing efforts to get to the bottom of historic monetary liabilities involving the Nationwide Funding Financial institution and quite a lot of public entities, consistent with directives from President Abdel Fattah Al-Sisi to reinforce fiscal sustainability, beef up governance, and support the potency of state establishments.
