Cairo — Abdel Fattah el-Sisi held a high-level meeting with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdalla to review key economic indicators and policy measures, according to an official statement released by the Egyptian Presidency.
Presidential spokesperson Mohamed El-Shennawy stated that discussions focused on recent economic performance, including ongoing efforts to reduce inflation, boost foreign currency inflows, and strengthen foreign exchange reserves, alongside the implementation of structural and economic reforms. The meeting also assessed measures undertaken by the Central Bank of Egypt and the banking sector in response to evolving regional developments.
During the meeting, the Central Bank governor confirmed that Egypt maintains adequate and secure levels of foreign exchange reserves, sufficient to cover essential imports and production inputs. President Sisi emphasized the need to ensure sustained availability of foreign currency to support industrial activity and maintain strategic reserves of key commodities, while continuing efforts to curb inflationary pressures.
The discussions further addressed exchange rate policy coordination, with the President underscoring the importance of maintaining a flexible and unified exchange rate regime, supported by close alignment between fiscal and monetary authorities. The meeting also reviewed developments in the banking sector, as well as trends in external debt relative to GDP and their broader macroeconomic implications.
In addition, the leadership examined strategies to expand private sector participation, including improving access to financing and enhancing investment incentives to drive economic growth and attract capital inflows. The President directed continued efforts to strengthen the role of private enterprise as a central pillar of economic activity.
The meeting also covered preparations for the Afreximbank Annual Meetings 2026, scheduled to be hosted by Egypt from June 21 to 24. Officials noted that hosting the event reflects Egypt’s growing role in advancing regional economic integration across Africa, particularly amid heightened global uncertainty and shifting geopolitical dynamics.
According to the Presidency, the discussions reaffirm Egypt’s policy focus on macroeconomic stability, reserve adequacy, and private sector-led growth, while ensuring the availability of essential goods and maintaining resilience against external economic shocks.
