Friday 03 Jan
President Abdel Fattah El-Sisi met Tuesday, with Prime Minister Dr. Moustafa Madbouly, Governor of the Central Bank Hassan Abdullah, and Minister of Finance Ahmed Kouchouk.
During the meeting, the President's official spokesperson announced a review of the domestic and global economic landscape, including its impact on key macroeconomic indicators. They also discussed the government's efforts to safeguard the economic development program from current regional and international challenges, as well as efforts to enhance the utilization of available economic opportunities.
Ambassador Mohamed Al-Shinawi,
the official spokesperson, highlighted that the President received a briefing
during the meeting on key indicators within the banking sector, including
monetary policy and the exchange rate. He emphasized the government's
commitment to strengthening the state's foreign exchange reserves to ensure the
availability of essential inputs for production and industry in priority
sectors, thereby fostering comprehensive economic growth in Egypt.
President Sisi underscored the importance of continued coordination between the Central Bank and the Ministry of Finance regarding fiscal and monetary policies. This collaboration aims to enhance economic stability, mitigate inflationary pressures, and create a more conducive environment for private sector growth through increased financing opportunities. The ultimate goal is to attract greater investment flows and maximize the private sector's contribution to economic activity.
