Cairo: Prime Minister Mostafa Madbouli announced that the government is in continuous coordination with the governor of the Central Bank of Egypt to tackle the repercussions of the ongoing crisis caused by regional and global developments.

According to State Information Service Egypt, Madbouli addressed these issues during a press conference at the government headquarters in the New Capital. He mentioned that while the monetary policy is under review, its core direction remains unchanged, focusing on exchange rate flexibility and reducing inflation. The prime minister highlighted that the government, in collaboration with the Central Bank, ensures the availability of foreign currency resources essential for the state's needs.

Madbouli emphasized that the government is managing the current crisis from a stronger position than in previous instances, with the primary goal of maintaining economic operations at full capacity and sustaining production momentum to achieve targeted growth rates. He acknowledged the pressures the crisis imposes on the country amid challenging global conditions and urged citizens to understand the government's measures.

He explained that some measures were not initially planned, but due to the exceptional circumstances, sharing the burden with citizens became necessary to keep the economy on course. The prime minister assured that the government is making every effort to minimize the crisis's impact on both the state and its citizens.

Madbouli reiterated Egypt's commitment to its economic reform and sustainable development agenda, expressing confidence in overcoming the current challenges, as the country has done with previous major crises.