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Sisi urges gov’t to maintain positive economic performance

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Egyptian Gazette
Home Egypt

Sisi urges gov’t to maintain positive economic performance

by Gazette Staff
April 24, 2021
in Egypt
Sisi urges gov’t to maintain positive economic performance 11 - Egyptian Gazette
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Improving financial indicators to reflect on quality of services offered citizens

Egyptian President Abdel Fattah El Sisi met Saturday with Prime Minister Moustafa Madbouli and a host of government officials, including Finance Minister Mohamed Maeet and Central Bank Governor Tarek Amer, along with several Central Bank senior officials.

The meeting focused on the performance of the national economy and financial indicators for the fiscal year 2020/2021, Presidency Spokesman Ambassador Bassam Radi said. 

He added that the president had instructed the officials attending the meeting to take measures to maintain the positive performance of the economy, which will reflect on the stability of the monetary and economic conditions of the Egyptian state. 

He said that the president also underscored the importance of maintaining this positive performance to open the door for achieving the aspired economic growth in the coming period. 

President Sisi also called for making the required harmony between financial and monetary policies, namely between the work of the Ministry of Finance and the Central Bank.

The president also reviewed the continued improvements in financial and economic performance indicators, Ambassador Radi said.

The president also assessed the effects these improvements are having on the quality of services offered the citizens, the spokesman added. 

Ambassador Radi noted that President Sisi also appraised the aftereffect of these improvements on the different categories of the Egyptian society, especially those segments that need support.

The meeting also discussed the recent positive reports about the performance of the Egyptian economy, especially by the International Monetary Fund, the credit rating agency, Fitch, and the global financial services leader, J.P. Morgan, the spokesman added.

 

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