Egypt’s President Abdel Fattah El Sisi met with Prime Minister Moustafa Madbouli and top economic officials on Tuesday to discuss the country’s economic performance and the implementation of a new initiative to lower the prices of basic commodities.
The meeting was also attended by the Governor of the Central Bank of Egypt, Hassan Abdallah, Director of the General Intelligence Service, Major General Abbas Kamel as well as the Minister of Planning and Economic Development and the Minister of Finance.
The meeting reviewed the indicators of the overall performance of the economy during the past period as well as progress in the implementation of the initiative for reducing basic commodity prices. The President was also updated on the major economic targets and government cooperation with the various international financial institutions, Presidency Spokesman Ahmed Fahmy said.
President Sisi gave directives to further enhance financial and monetaryreform policies and bolster the role of the private sector in the development process as part of the state’s efforts to improve the overall indicators of the economy, diversify production, and increase promising opportunities to attract investments so as to contribute to generate jobs and GDP growth rates.
The President directed the government to continue intensive cooperation with the private sector within the framework of the initiative to reduce basic commodity prices and remove any impediments that might encounter its implementation, with the aim of mitigating the burden on citizens.