President Abdel Fattah al-Sisi directed the government and the Central Bank to focus on increasing foreign currency reserves and meeting the financing needs necessary to enhance development efforts.
This came during the President’s meeting today with Prime Minister Dr. Mostafa Madbouly, Central Bank Governor Hassan Abdullah, and Finance Minister Ahmed Kouchouk.
Mohammed Al-Homsani, the official spokesman for the Presidency of the Republic, said that the President followed up during the meeting on mechanisms to enhance financial and monetary stability, as well as efforts to manage the financial needs of the basic sectors, in order to ensure the provision of the requirements of the local market, support the business environment, and meet the needs of production and employment.
In this regard, the President stressed the need for continued joint coordination between the government and the Central Bank to follow up on the priorities of the next stage, in order to achieve integration that ensures the sustainability of the positive indicators of the Egyptian economy and enhances its ability to withstand and be flexible in the face of challenges. He also stressed the importance of continuing efforts to ensure the provision of the financial needs required to support economic activity and achieve financial stability.
The official spokesperson added that the meeting also discussed mechanisms to maintain the downward trajectory of the inflation rate, after its decline during November 2025 on a monthly and annual basis, through continuous monitoring of policies and procedures aimed at controlling markets, enhancing the availability of basic commodities, and ensuring price stability.
During the meeting, the President was also briefed on the indicators related to strengthening the country's foreign currency reserves.
The official spokesperson explained that the meeting also addressed developments in fiscal policy and improvements in budget indicators, including achieving the targeted primary surplus and reducing the budget debt to GDP.
The President stressed the importance of all state entities joining forces to work on reducing and improving the debt indicators of the budget authorities, as well as the debt service bill.
- The official spokesperson indicated that the President directed the acceleration of the path of financial sustainability, strengthening financial discipline and improving the debt structure, in order to ensure that greater resources are directed to the service sectors and to efforts to promote human development.
