Prime Minister Mostafa Madbouli chaired a meeting Tuesday evening to assess Egypt’s ability to secure financial resources for maintaining strategic reserves of petroleum products and to ensure timely payment of dues owed to foreign partners in the energy sector. The session was attended by Central Bank Governor Hassan Abdullah, Finance Minister Ahmed Kouchouk, and Petroleum Minister Karim Badawy.
Opening the meeting, Madbouli stressed that Egypt is actively managing economic variables and potential scenarios, highlighting the importance of close coordination between the government and the Central Bank to safeguard economic stability and guarantee essential supplies. He underscored the priority of securing resources and vital services for citizens while reinforcing the resilience of the national economy against regional and global challenges.
The Prime Minister noted daily coordination with the Central Bank to provide foreign currency needed for importing food commodities, production inputs, and petroleum products, ensuring uninterrupted market supply.
Cabinet spokesperson Mohamed El-Homossani stated that discussions focused on mechanisms to sustain energy sector financing . The meeting also reviewed strategies to secure sufficient petroleum reserves, stabilize the domestic market, and mitigate risks from geopolitical developments.
