CAIRO – Egyptian President Abdel Fattah El Sisi has directed the government to pursue intensive efforts to create suitable conditions for attracting more foreign investments and empowering the private sector, through establishing a suitable legislative and regulatory framework and launching incentive initiatives.
This came during Sisi’s meeting on Tuesday with Prime Minister Moustafa Madbouli and Governor of the Central Bank of Egypt Hassan Abdalla.
Presidential Spokesman Mohamed el Shennawy stated that the meeting reviewed macroeconomic indicators, as well as government efforts to strengthen the performance of the banking sector.
It also addressed indicators related to boosting the country’s foreign currency reserves and ensuring the continued availability of adequate foreign exchange reserves. In addition, the meeting reviewed the ongoing efforts to reduce inflation rates.
Shennawy indicated that the meeting also addressed a number of issues related to the performance of the Egyptian economy and the government’s efforts to ensure the successful and effective implementation of the economic development program, while remaining resilient in the face of current regional and international challenges.
The discussions also covered efforts to enhance incentives to capitalize on available economic opportunities and to provide greater opportunities for the private sector to drive economic growth, thereby contributing to attracting more investment inflows.
