President El-Sisi Meets the Prime Minister and the CBE Governor

alhadath – cairo

Today, President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Governor of the Central Bank of Egypt, Mr. Hassan Abdallah.

Spokesman for the Presidency Ambassador Mohamed El-Shennawy said the meeting focused on a multitude of topics related to the performance of the Egyptian economy during the current period. President El-Sisi was briefed on ongoing efforts to further reduce inflation rates and increase foreign currency inflows, indicators related to strengthening the country’s foreign exchange reserves, economic and structural reforms, and the measures undertaken by the state, particularly the Central Bank and the banking sector, in light of the current regional situation.

The Governor of the Central Bank confirmed the availability of safe levels of foreign exchange reserves, capable of securing strategic needs for essential commodities and production inputs for factories. The President stressed the vital need to boost efforts toward securing foreign currency necessary for the provision of production inputs and to strengthen the strategic stock of various goods. President El-Sisi gave directives to strengthen efforts to reduce inflation rates and maintain coordination between the government and the Central Bank to ensure a flexible and unified exchange rate for foreign currencies.

The President also reviewed developments related to enhancing the performance of the banking sector, the evolution of external debt as a percentage of GDP, and their implications on the macroeconomy. The meeting also discussed the availability of opportunities and financing for the private sector to drive economic growth, thereby contributing to attracting investment inflows and bolster the role of the private sector in economic activity.

The meeting also addressed Egypt’s hosting of the 33rd Annual Meetings of the African Export-Import Bank (Afreximbank) from 21 to 24 June 2026. The Governor of the Central Bank noted that Egypt’s hosting of the meetings reflects its role as a key driver of regional integration in Africa, amid growing global uncertainty and shifting economic dynamics. The meeting will also be held at a time of deepening geopolitical realignments and escalating conflicts, underscoring the need to strengthen Africa’s self-reliance and develop regional value chains.

The President gave directions to enhance incentives to capitalize on available economic opportunities and expand opportunities for the private sector to drive economic growth. This shall help attract investment inflows and meet the financing needs necessary to support development efforts, while continuing to ensure adequate availability of foreign currency resources in a manner that positively reflects on maintaining a reassuring stock of various goods.