Egypt remains fully committed to its homegrown economic reform programme and is implementing International Monetary Fund (IMF)-agreed measures within a national framework tailored to local priorities, Prime Minister Moustafa Madbouly said on Monday. Madbouly chaired a high-level meeting attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla, Finance Minister Ahmed Kouchouk, Planning and International Cooperation Minister Rania Al-Mashat, Investment and Foreign Trade Minister Hassan El-Khatib, and senior officials from the central bank and relevant ministries. According to a Cabinet statement, the meeting reviewed recent economic indicators showing a stronger exchange rate, easing inflation, higher foreign currency inflows and a buildup in foreign reserves. Officials also discussed efforts to strengthen the banking sector. Madbouly said Egypt's reform programme was being implemented "in line with a national vision that serves the country's economic interests," and was regularly reviewed to reflect domestic and regional developments. "The economy continues to post positive results across multiple indicators, particularly in inflation, unemployment and investment composition," the Cabinet said, adding that the government was working to expand private-sector participation while keeping public spending under control. The statement also reaffirmed the government's commitment to pushing ahead with its privatisation agenda, which aims to optimise the use of state assets, boost returns and attract more private investment. Attribution: Amwal Al Ghad English
