At this time, President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly; Governor of the Central Financial institution of Egypt, Mr. Hassan Abdalla; and Minister of Finance, Mr. Ahmed Kouchouk.
Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, acknowledged that the assembly reviewed the native and world financial scenario and its implications on macroeconomic indicators. It additionally centered on the federal government’s efforts to make sure that the financial improvement program just isn’t affected by the present regional and worldwide situations, and on initiatives to leverage obtainable financial alternatives.
The President was supplied an outline on the indications associated to the banking sector, financial coverage, and the alternate charge. He was additionally up to date on the federal government’s efforts to boost the state’s overseas alternate reserves, thereby securing the required provides for manufacturing and industries in precedence sectors, and contributing to complete financial progress in Egypt.
The President gave directives to proceed coordination between the Central Financial institution and the Ministry of Finance concerning fiscal and financial coverage, in order to boost financial stability, comprise inflationary pressures, and supply extra alternatives and financing for the personal sector. That is with a purpose to drive financial progress, entice extra funding flows, and strengthen the position of the personal sector in financial exercise.
Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.