At the moment, 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, said 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 shouldn’t be affected by the present regional and worldwide circumstances, and on initiatives to leverage accessible financial alternatives.
The President was supplied an outline on the symptoms associated to the banking sector, financial coverage, and the trade fee. He was additionally up to date on the federal government’s efforts to reinforce the state’s international trade reserves, thereby securing the mandatory provides for manufacturing and industries in precedence sectors, and contributing to complete financial development 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 reinforce financial stability, include inflationary pressures, and supply extra alternatives and financing for the non-public sector. That is with the intention to drive financial development, entice extra funding flows, and strengthen the position of the non-public sector in financial exercise.
Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
