President reviews national economic indicators in light of global scene

President Abdel Fattah El Sisi on Sunday presided over a meeting to review the indicators of the national economy, and the latest developments of the global economic scene, amid the dominant challenges on the world arena, and their ensuing repercussions on all economies, including Egypt’s.

Attending the meeting were Prime Minister Moustafa Madbouli, Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, Head of the General Intelligence Service Maj Gen Abbas Kamel, Minister of Planning and Economic Development Hala al-Saeed, Minister of International Co-operation Rania al-Mashat, Minister of Finance Mohamed Maeet and the Advisor to the President on Financial Affairs Maj Gen Mohamed Amin.

The meeting featured presentations on the serious measures taken over the past period to carry on with the efforts to improve the overall indicators of the national economy, as well as attracting various investments, Presidency Spokesman Ahmed Fahmy said.

During the meeting, President Sisi was briefed on the key economic goals for the coming period, as well as on co-operation with the various international financing institutions to continue implementation of economic reforms in Egypt.
In remarks following the briefings, President Sisi stressed the necessity of continuing to exert utmost efforts to curtail the impact of the global economic crisis on Egyptian citizens, as well as absorbing the inflationary pressures, spokesman Fahmy said.

The president also urged that action be simultaneously maintained to implement structural reforms and maximise the private sectors’ role, particularly through eliminating bureaucratic obstacles and achieving the principle of competitive neutrality, Spokesman Fahmy said.

Action in this direction, the president explained, would help create such a climate that can attract more local and foreign investments, in addition to bolstering development gains that have been achieved in various fields, thereby supporting the national economy and raising the levels of citizens’ income, Spokesman Fahmy said.