President Abdel Fattah El Sisi met on Tuesday Prime Minister Moustafa Madbouli and the Governor of the Central Bank of Egypt (CBE) Hassan Abdullah.
According to the official Spokesman for the Presidency Mohamed el-Shennawy, the meeting addressed key macroeconomic indicators and the government’s efforts to enhance the performance of the country’s banking sector.
Discussions also covered indicators related to strengthening Egypt’s foreign exchange reserves and ensuring the sustained availability of adequate reserve levels.
The meeting further reviewed ongoing efforts to continue reducing inflation rates.
The spokesman stated that the meeting also touched on several aspects related to the performance of the Egyptian economy, including government efforts to ensure the successful and effective implementation of the economic development programme, despite current regional and global challenges.
The discussions also addressed measures to enhance incentives for leveraging available economic opportunities and creating space for the private sector to drive economic growth, thereby attracting further investment inflows.
The spokesman added that President Sisi directed continued intensive efforts to create an enabling environment for attracting more foreign investment and empowering the private sector. This includes developing a suitable legislative and regulatory framework and launching incentive initiatives, while maintaining the positive trajectory of macroeconomic indicators to ensure the effective implementation of development programmes.
