Egyptian President Abdel Fattah El-Sisi met Tuesday with Prime Minister Moustafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla to review the country's macroeconomic outlook, foreign currency reserves, and plans to accelerate private investment According to a presidential statement, the talks come as Egypt pushes ahead with an ambitious economic reform programme backed by multilateral partners including the International Monetary Fund (IMF). Officials reviewed progress on efforts to safeguard foreign exchange reserves and sustain a recent downtrend in inflation, while reinforcing the resilience of the banking sector. The meeting also addressed the government's broader economic strategy amid heightened regional and global uncertainty. President El-Sisi emphasised the importance of insulating the country's development agenda from external shocks, while encouraging private sector engagement to unlock new sources of growth and job creation. "President El-Sisi directed continued efforts to attract foreign direct investment and empower the private sector through regulatory reforms and incentive packages," the statement read. He added that maintaining macroeconomic stability remains a key priority to ensure the successful rollout of Egypt's economic development programmes. Egypt has been working to shore up investor confidence following a series of reforms, including a move to a flexible exchange rate and tighter monetary policy. The government is also preparing asset sales and seeking to broaden access to capital markets as part of a strategy to reduce public debt and boost growth. Attribution: Amwal Al Ghad English
