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President El Sisi reviews key Egyptian economic indicators

Egypt's President El Sisi and economic policy chiefs discuss recent economic developments and plans for reducing commodity prices.
26.10.23 | Source: EgyptToday

President Abdel Fattah El-Sisi of Egypt held a meeting with key figures in economic policy, including Prime Minister Mostafa Madbouly, the Governor of the Central Bank of Egypt, Hassan Abdallah, the Director of the General Intelligence Service, Abbas Kamel, and the Ministers of Planning and Economic Development and Finance, Hala El Said and Mohamed Maait respectively. This review focused on the overall performance of the Egyptian economy and the current progress of the initiative to reduce the prices of basic commodities. The president was also informed about major economic targets and cooperation initiatives with several international financial institutions. Further reforms and enhancement of financial and fiscal policies were discussed, along with an emphasis on boosting the role of the private sector in developing the state’s economy. The discussion also tackled efforts to diversify economic indicators, improve production structures and generate promising opportunities to attract investments, which in turn can contribute to job creations as well as GDP growth. As a part of the initiative to reduce basic commodity prices, the President urged for continued cooperation between the government and private sector and the removal of potential hurdles to the implementation of this initiative. The main goal behind this is to alleviate burdens on the citizens.