President Abdel Fattah El Sisi met on Monday with Prime Minister Moustafa Madbouli and Central Bank of Egypt (CBE) Governor Hassan Abdalla to review the country’s economic performance.
The meeting covered key economic indicators, including ongoing efforts to reduce inflation, increase foreign currency inflows, and strengthen foreign exchange reserves, said Presidency Spokesman Mohaedm El-Shennawey.
Discussions also covered progress of economic and structural reforms, besides the measures taken by the CBE, as well as the entire banking sector amid current regional developments.
Foreign exchange reserves remain at safe levels, sufficient to secure strategic imports and production inputs, CBE chief noted.
President Sisi stressed the need to carry on with efforts to secure foreign currency to support production and maintain a strategic stock of essential goods.
He also underscored the importance of further reducing inflation and maintaining coordination between the government and the Central Bank to ensure a flexible and unified exchange rate.
The meeting also reviewed developments in the banking sector, as well as the trajectory of external debt relative to GDP and its impact on the broader economy. Discussions included expanding financing and opportunities for the private sector to drive growth, attract more investment flows, and enhance its role in economic activity.
The discussions further touched on Egypt’s hosting of the 33rd Annual Meetings of the African Export-Import Bank (Afreximbank) from June 21 to 24, 2026. The Central Bank governor noted that hosting the event underscores Egypt’s role as a key driver of regional integration in Africa amid global uncertainty and shifting economic dynamics.
President Sisi called for stronger incentives to maximize economic opportunities, support private sector growth, and ensure adequate foreign currency availability to meet development and import needs.
