حفلة 2024

Coherence between monetary, fiscal policies to help Egypt economy amid global crisis – ex minister

Egypt’s former Minister of Planning and International Cooperation Ashraf El Araby said on Sunday that the coherence between the monetary and financial policies are crucial for the Egyptian economy to navigate the ongoing global economic crisis.

El Araby also stressed on the necessity of the independence for the Central Bank of Egypt (CBE) to boost the monetary policy tools in dealing with external and internal shocks.

The Egyptian economy should focus on attaining inclusive and sustainable growth that creates more job opportunities to address the restrictions of the global economic challenges.

He also called for finalising the new economic reform programme deal with the International Monetary Fund (IMF), which will improve the local economy in the current phase.

El Araby made his comments during his participation in the first day of Egypt’s Economic Conference (EEC 2022), which kicked off on Sunday over three days.

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