These directives were given during a high-level meeting on Tuesday with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdallah.
President Abdel-Fattah El-Sisi has instructed the continuation of robust efforts to foster a more attractive environment for foreign investment and to empower Egypt’s private sector.
These directives were given during a high-level meeting on Tuesday with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdallah.
Presidential Spokesperson Ambassador Mohamed El-Shennawy stated that the President emphasized the need to develop a suitable legislative and regulatory framework, along with incentive mechanisms, to support ongoing financial and monetary reforms and strengthen the role of the private sector in economic development.
The discussions also covered Egypt’s macroeconomic indicators, government strategies to enhance the performance of the banking system, and measures to bolster the country’s foreign currency reserves to maintain their stability and adequacy.
El-Shennawy noted that these directives are part of the state's broader strategy to improve economic performance, diversify production sectors, and unlock new investment and employment opportunities, all aimed at accelerating GDP growth.
The meeting also focused on monitoring the progress of Egypt’s economic development programme, ensuring its resilience amid regional and global challenges. Additionally, they explored avenues to expand incentive packages that would capitalize on economic opportunities and enhance the private sector’s role in driving sustainable growth.
