In a long-anticipated move, Egypt is set to overhaul its cabinet, replacing key ministers in the finance, foreign affairs, petroleum, electricity, and supply portfolios.
The announcement, made on state television on Tuesday, comes as the country grapples with a significant economic crisis.
Ahmed Kouchouk, previously serving as deputy finance minister, will take the helm of the ministry.
Kouchouk played a crucial role in negotiations with the International Monetary Fund (IMF) and efforts to manage inflation and foreign exchange shortages.
The foreign ministry will see a leadership change with the appointment of Egypt’s ambassador to the European Union, Badr Abdelatty.
He replaces Sameh Shoukry, a seasoned diplomat who handled critical diplomatic issues surrounding the Gaza conflict.
Sherif Farouk, chairman of Egypt Post, is poised to take over the supply ministry.
Farouk’s background in finance and experience leading a pension system reform aligns with the government’s intention to shift from subsidized goods to cash transfers.
The electricity ministry, facing challenges due to power outages linked to gas supply shortages, will also see new leadership.
The petroleum ministry, responsible for managing gas supplies, is yet to announce changes.
The new cabinet, to be sworn in on Wednesday, follows the resignation of the previous cabinet a month ago.
Prime Minister Mostafa Madbouly, who has held the position since 2018, will continue to lead the government.
However, it’s important to note that real power in Egypt resides with the presidency, military, and security services, limiting the new ministers’ decision-making authority.
