President Sisi discusses with the Prime Minister and the Governor of the Central Bank ways to achieve economic growth
Egypt is making continuous efforts to strengthen its economic position in light of regional and international challenges, by adopting balanced and integrated financial and monetary policies aimed at achieving stability and enhancing growth rates, through continuous coordination between economic policy tools, and working to contain inflationary pressures, stabilizethe exchange rate, and ensure the sustainability of foreign exchange flows.
This is in addition to enhancing cash reserves, while making sure to open the way for the private sector to be a major partner and an effective tool in driving economic growth, in a way that supports the Egyptian economy’s ability to adapt to current changes and achieve more sustainable development.
From this standpoint, coordination between the government and the parties concerned with achieving economic growth emerges as one of the basic pillars of managing the current stage, by enhancing the efficiency of the banking sector, expanding the role of the private sector, and providing the necessary financing to advance production and investment. These efforts also reflect a clear trend towards achieving a balance between the stability of local markets and effective engagement in its regional environment, in a way that supports Egypt’s position as a pivotal economic center, especially on the African continent.
Discussions on the performance of the Egyptian economy
In this context, Mr. President Abdel Fattah El-Sisi met with Dr. Mostafa Madbouly, Prime Minister, and Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, where they discussed a group of topics related to the performance of the Egyptian economy during the current period.
In this regard, Mr. President reviewed the efforts made to continue reducing inflation rates and increasing dollar flows, as well as indicators for strengthening the state’s foreign exchange reserves, economic and structural reforms, as well as the measures taken by the state, especially the Central Bank and the banking sector, in light of the current regional situation, to achieve economic growth.
Managing dollar needs and basic commodities
The official spokesman, Ambassador Mohamed El-Shenawy, stated that the Governor of the Central Bank indicated the availability of safe levels of foreign exchange reserves capable of securing the strategic needs of basic commodities, as well as production requirements for factories.
Mr. President stressed the need to continue working towards managing the dollar needs to provide production requirements, and to enhance a strategic stock of various commodities, in line with the comprehensive Sustainable Development Goals (SDGs), especially the second goal of eliminating hunger, because the provision of basic goods and production requirements contributes to food security, in addition to the eighth goal of decent work and economic growth to support local production.
Strengthening the banking sector and driving economic growth
The official spokesman explained that during the meeting, Mr. President followed developments in enhancing the performance of the banking sector, the development of external debt, and its implications for the macroeconomy. During the meeting, matters related to providing opportunities and financing to the private sector to drive economic growth were also reviewed, which contributes to attracting more investment flows and maximizing the role of the private sector in economic activity.
The President has directed to strengthen incentives to take advantage of available economic opportunities, and to provide opportunities for the private sector to drive economic growth, which contributes to attracting more investment flows and meeting the financing needs necessary to enhance development efforts, while continuing to make sufficient dollar resources available in a way that will reflect positively on the provision of a reassuring stock of various commodities.
Regional Integration in Africa
The official spokesman added that during the meeting, Egypt’s hosting of the thirty-third annual meetings of the African Export-Import Bank (Afreximbank) during the period from 21 to 24 June 2026 was also discussed, as the Central Bank Governor indicated that Egypt’s hosting of the meeting reflects its role as a major driver of regional integration in Africa.
Especially in light of the increasing global uncertainty and changing economic dynamics, as well as the deepening geopolitical realignment and escalation of conflicts, which reflects the need to enhance reliance on African capabilities and develop regional value chains, and here efforts to achieve the seventeenth goal of establishing partnerships to achieve the goals emerge.
In conclusion, the meeting of President Abdel Fattah El-Sisi with the Prime Minister and the Governor of the Central Bank highlights the national strategy adopted to achieve economic growth in various sectors, especially the banking sector, adjust financial and monetary policies, and stabilize the exchange rate, which reflects the great interest in achieving comprehensive Sustainable Development Goals (SDGs).
Earth Defenders Foundation confirms that the meeting reflects the great interest in consolidating Egypt’s regional position in the African continent and the role of economic partnerships in enhancing the ability to confront global challenges, within the framework of an integrated strategic vision that combines financial stability, comprehensive development, and regional integration.
