Cairo: President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly and Governor of the Central Bank of Egypt, Mr. Hassan Abdallah, to discuss pivotal topics concerning the current state of the Egyptian economy.According to State Information Service Egypt, the meeting centered on strategies to reduce inflation and enhance foreign currency inflows. Discussions included assessing the country's foreign exchange reserves, ongoing economic and structural reforms, and the measures being implemented by the Egyptian state, particularly those by the Central Bank and the banking sector, amidst the prevailing regional situation.The Governor of the Central Bank assured the availability of safe levels of foreign exchange reserves, sufficient to meet strategic needs for essential commodities and production inputs for factories. President El-Sisi emphasized the importance of securing foreign currency to ensure the provision of production inputs and to bolster the strategic stock of goods.President El-Si si issued directives to intensify efforts in reducing inflation rates and enhancing coordination between the government and the Central Bank to achieve a stable and unified exchange rate for foreign currencies. The discussion also covered the performance of the banking sector, the evolution of external debt relative to GDP, and the broader implications for the macro-economy.Opportunities for private sector financing to stimulate economic growth were also on the agenda, aiming to attract investment inflows and reinforce the private sector's role in economic activities. Additionally, the meeting touched upon Egypt's upcoming hosting of the 33rd Annual Meetings of the African Export-Import Bank (Afreximbank) in June 2026, highlighting Egypt's significant role in regional integration amidst global uncertainties and economic shifts.The President instructed the enhancement of economic incentives to leverage available opportunities, promote private sector growth, and attract investments. This strategy aims to fu lfill financing needs and support development efforts while ensuring the stable availability of foreign currency to maintain a steady supply of essential goods.
President El-Sisi Engages in Strategic Economic Meeting with Key Officials
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