President Abdel Fattah el-Sisi met today with Prime Minister Dr. Mostafa Madbouly, Central Bank Governor Hassan Abdullah, Minister of Planning and Economic Development Dr. Hala El-Saeed, Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Finance Dr. Mohamed Maait.
Presidential Spokesperson Ahmed Fahmy stated that during the meeting, President Sisi reviewed the overall economic indicators in light of recent investment and financing measures, as well as economic sector stimulation packages and investment attraction programs that the government has focused on over the past year. These efforts have resulted in improved outlooks from international credit rating institutions regarding Egypt’s economic future.
The meeting also addressed the government’s measures to tackle inflation and ensure price stability. Efforts to increase the supply of goods in local markets were discussed, including easing customs procedures at ports due to recent inflows of foreign currency and boosting domestic production while maintaining strategic reserves of essential commodities.
President Sisi also monitored the progress of social relief measures aimed at alleviating the financial burdens on citizens.
The spokesperson further clarified that President Sisi directed to intensify efforts towards achieving economic sustainability by reducing the overall budget deficit and the public debt-to-GDP ratio, and increasing productive projects, especially those aimed at exports.
Additionally, he emphasized the continuation and enhancement of efforts to alleviate burdens on citizens, particularly by controlling inflation and focusing on human development sectors in the upcoming general budget, with a primary focus on health and education to ensure better services for Egyptians and contribute to achieving the state’s comprehensive development goals.
