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PM and CBE Governor Discuss Economic Indicators and Foreign Reserves

Cairo: Prime Minister Mostafa Madbouly stressed the importance of maintaining continuous communication and coordination between the government and the Central Bank of Egypt (CBE) to ensure the integration of economic, financial, monetary, and sectoral policies and measures in a manner that supports economic growth targets in line with the state's vision and the priorities of the government program.According to State Information Service Egypt, Madbouly made these remarks during a meeting with CBE Governor Hassan Abdalla. The meeting was held to discuss joint work files as part of the regular coordination between the government and the central bank on priority economic issues.The meeting reviewed several indicators related to the current performance of the Egyptian economy, including the level of foreign exchange reserves to secure strategic needs. Additionally, the discussions encompassed developments in the global economy amid the current challenges facing countries worldwide.Further discussions address ed ongoing coordination efforts between the government and the central bank regarding the enhancement of strategic reserves of key commodities. Efforts to curb inflation rates and measures to increase foreign currency inflows were also examined to ensure the availability of the requirements needed to support the growth of industry and other priority sectors.

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