Cairo: President Abdel Fattah El-Sisi convened a critical meeting with Prime Minister Dr. Mostafa Madbouly, Minister of Finance Mr. Ahmed Kouchouk, and Minister of Planning and Economic Development Dr. Ahmed Rostom. The session focused on the government's strategic efforts to advance economic reforms and development initiatives.

According to State Information Service Egypt, the meeting, as articulated by Presidential Spokesman Ambassador Mohamed El-Shennawy, concentrated on the importance of continuing fiscal reforms. The aim is to secure financial stability, promote private sector growth, and sustain economic activity, including production, manufacturing, and exports. These objectives are to be achieved through balanced fiscal policies conducive to investment.

The dialogue also brought attention to advancing participatory development planning, emphasizing efficient public investment and maximizing the impact of development projects, initiatives, and programs aligned with 'Egypt Vision 2030.' The meeting further reviewed the government's diligent efforts to finalize Egypt's vision beyond the current agreement with the International Monetary Fund.

Formulating a national economic development program to enhance the Egyptian economy's competitiveness and ensure sustainable economic conditions was emphasized. The meeting also addressed expediting the implementation of the comprehensive health insurance system and the presidential initiative 'Decent Life Initiative,' focusing on the development of the Egyptian countryside.

Additionally, the discussions covered the adverse effects of the ongoing regional conflict on supply chains, global trade, financial markets, and essential goods. Ensuring market stability and maintaining strategic reserves of essential commodities were highlighted as priorities through coordinated efforts among ministries and authorities.

The spokesman mentioned that a proposal to boost entrepreneurship and innovation was reviewed, involving the creation of a comprehensive vision and program to support startups swiftly. This is part of an initiative to launch new employment opportunities.

President El-Sisi emphasized the necessity of improving the economic situation to enhance citizens' quality of life, increasing private sector involvement in economic activities, and exploring new sectors to bolster the economy. He also highlighted the importance of diversifying financing sources for development and infrastructure projects, engaging with regional and international development efforts, and supporting climate action and the transition to a green economy.