Prime Minister Moustafa Madbouly witnessed on Sunday, June 14, 2026, the signing of two framework agreements aimed at resolving longstanding financial entanglements dating back in some cases to the 1980s, with a total value of about EGP 196 billion, in a move designed to restore the financial balance of national entities and ease pressure on the state budget.
The agreements come within the framework of efforts to settle historic financial liabilities involving the National Investment Bank (NIB) and various government entities, in implementation of directives issued by President Abdel Fattah El-Sisi. The first agreement was signed by the Minister of Finance Ahmed Kouchouk, the Minister of Housing Randa El Menshawy and the Minister of Planning and Economic Development Ahmed Rostom.
It covers the settlement of debts owed to the NIB by subsidiaries of the Holding Company for Water and Wastewater. The liabilities amounted to EGP 62.2 billion as of the end of December 2025. The second agreement was signed by the Minister of Finance Ahmed Kouchouk, the Minister of Agriculture Alaa Farouk and the Minister of Planning and Economic Development Ahmed Rostom to settle debts owed to the NIB by the General Authority for Reconstruction and Agricultural Development, totaling EGP 133.5 billion as of the end of December 2025, as well as liabilities of the Egyptian Agricultural Authority amounting to EGP 306 million as of the end of March 2025.
Following the signing ceremony, Madbouly reiterated the government's commitment to resolving outstanding financial entanglements among state institutions, describing the process as essential to addressing historical challenges and enabling public entities to improve performance and expand development efforts.
Kouchouk said the agreements represent a significant step forward in structural reform and financial restructuring efforts, helping optimize the utilization of state assets, improve financial performance and strengthen the efficiency of national institutions in support of sustainable development goals.
He added that the government continues to coordinate closely with agricultural authorities to remove obstacles facing agricultural development and support efforts to expand cultivated land and reshape Egypt’s agricultural map. For his part, Farouk highlighted ongoing efforts to advance agricultural development, enhance food self-sufficiency, increase agricultural productivity and expand agro-industrial activities and exports in line with Egypt’s sustainable development strategy.
Rostom described the agreements as a major milestone in intergovernmental coordination under the direct supervision of the prime minister, stressing that the settlements would contribute to macroeconomic stability, improve the management of state resources and assets and send a strong signal to investors regarding the government's commitment to resolving long-standing financial issues.
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