Egypt’s PM stresses coordination for economic stability

By Nada Ali On Jan 1, 2025

Prime Minister Moustafa Madbouly announced that Egypt is targeting $22 billion in tourism revenues for 2024, with plans to attract 15.5 million tourists by the end of the year despite ongoing economic challenges

Egypt’s Prime Minister Moustafa Madbouly retirated on Wednesday the need for ongoing coordination between the Central Bank of Egypt (CBE) and the Ministry of Finance to enhance economic stability as per presidential directives.

During his weekly meeting, Prime Minister Madbouly assured that the government is dedicated to taking essential steps to enhance economic stability. Focus areas include controlling inflation and supporting the private sector for economic growth.

The goal is to enhance the investment environment and boost private sector involvement in the economy. The government is working to create a stable economic climate that attracts both domestic and foreign investment.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser