Egypt's government is working to reinforce coordination between fiscal and monetary policies to sustain economic activity and maintain financial stability. These efforts were discussed during a meeting on Tuesday between Prime Minister Moustafa Madbouly, Central Bank of Egypt (CBE) Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk. The meeting focused on securing the resources needed to meet essential requirements for citizens and companies across various sectors, while ensuring the availability of funds to support ongoing economic activity. Officials also reviewed the status of payments to foreign companies in the petroleum sector, confirming that the government, in cooperation with the CBE, is implementing a plan to settle these dues according to the specified timelines. Participants also addressed strategies to maintain the downward trend in inflation rates following the declines recorded in November on both a monthly and annual basis. The discussions highlighted the government's integrated approach to balancing fiscal discipline, liquidity management, and price stability to foster a stable economic environment. Attribution: Amwal Al Ghad English
