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PM, CBE Governor Discuss Inflation, Foreign Reserves, IMF Ties

Cairo: Prime Minister Mostafa Madbouly met with Central Bank of Egypt (CBE) Governor Hassan Abdalla on Tuesday, October 21, 2025, at the government headquarters in the New Administrative Capital to review ongoing coordination between fiscal and monetary policies. Cabinet spokesperson Mohamed El-Homsany said the meeting focused on efforts to align fiscal and monetary strategies, particularly their role in supporting the continued decline of inflation rates. The discussion also covered recent updates on Egypt's foreign currency reserves. Both sides affirmed that current levels remain stable and reassuring.

According to State Information Service Egypt, Abdalla briefed the prime minister on the outcomes of his recent visit to Washington, where he participated in the Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank. He was part of the Egyptian delegation, which included several ministers from the government's economic group. On the sidelines of the Washington meetings, Abdalla held a number of discussions with senior officials from the IMF and World Bank to explore avenues for ongoing cooperation between Egypt and the two international financial institutions.

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