Sisi: Strategic coordination between ministry of finance, CBE essential for growth

President Abdel Fattah El-Sisi stressed on Tuesday the crucial role of enhanced coordination between the Ministry of Finance and the Central Bank of Egypt (CBE) to drive the nation’s economic growth.

During a high-level meeting with Prime Minister Moustafa Madbouly, CBE Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk, President El-Sisi underscored that alignment between fiscal and monetary policies is essential for controlling inflation, stabilising the economy, and expanding financing opportunities for the private sector.

The meeting, which focused on Egypt’s current economic challenges, emphasized strategies to foster growth despite global instability. The president’s remarks highlighted the importance of these efforts in attracting greater investment and boosting the private sector’s contribution to the country’s economic progress.

Presidential Spokesman Mohamed El-Shenawy reported that the discussions covered Egypt’s macroeconomic indicators, the banking sector, and measures to bolster foreign currency reserves. These efforts, President El-Sisi affirmed, are pivotal in ensuring the availability of key supplies for industry and supporting Egypt’s broader development agenda.

The president called for continued collaboration between the finance ministry and central bank to foster stability, attract investment, and strengthen Egypt’s private sector as the nation works towards sustainable economic growth.

Attribution: Amwal Al Ghad English