Egypt's central bank is working with government ministries to reshape low-interest financing programmes aimed at bolstering private sector growth and supporting national targets for investment and employment, its Governor Hassan Abdalla said Thursday. Speaking during a meeting of the government's economic ministerial group, Abdalla said the Central Bank of Egypt (CBE) is reviewing ongoing initiatives to ensure they align with broader economic reforms. The goal, he noted, is to expand private sector access to affordable financing while reinforcing efforts to control inflation. "The CBE is maintaining its focus on containing inflationary pressures while directing more liquidity toward the private sector to fuel economic expansion," Abdalla said. He emphasised that Egypt's banking system continues to demonstrate strong resilience, adding that regular stress testing confirms its ability to withstand various risks. The meeting, chaired by Prime Minister Moustafa Madbouly, brought together senior economic policymakers, including the ministers of finance, planning, investment, and supply, as well as top officials from the central bank and regulatory agencies. Discussions centered on Egypt's macroeconomic indicators, structural reform agenda, and strategies to attract both foreign direct and portfolio investment. The meeting also reviewed progress on fiscal consolidation and inflation control, key elements of the country's broader push to stabilise the economy and drive long-term growth. Attribution: Amwal Al Ghad English
