President Abdel Fattah El-Sisi on Sunday met with Prime Minister Moustafa Madbouly, Central Bank of Egypt (CBE) Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk to review measures aimed at strengthening Egypt's financial stability and economic resilience. A presidential spokesperson said the discussions focused on ensuring funding for key sectors, supporting domestic market needs, and sustaining a business-friendly environment. Sisi emphasised ongoing coordination between the government and central bank to preserve positive economic indicators and reinforce the country's ability to withstand economic challenges. "Efforts must continue to provide the necessary financial resources to support economic activity and achieve financial stability," the spokesperson quoted Sisi as saying. The officials also reviewed strategies to maintain the downward trend in inflation, stabilise prices, and bolster foreign currency reserves. Fiscal policy and budget performance were addressed, including achieving the targeted primary surplus and reducing debt-to-GDP ratios. Sisi called on all state agencies to collaborate on improving debt metrics, lowering debt servicing costs, and directing resources toward service sectors and human development. He also instructed steps to increase foreign currency reserves and secure financing for ongoing development projects. Attribution: Amwal Al Ghad English
