President Abdel Fattah Al-Sisi has instructed to continue advancing the reforms related to fiscal and monetary policies and to enhance the role of the private sector in the development process. This is part of the state’s efforts to improve the overall indicators of the economy and diversify its production structure. He also instructed to create promising opportunities for attracting investments, which will help increase employment opportunities and GDP growth rates.
This was stated during a meeting on Tuesday between President Al-Sisi, Prime Minister Mostafa Madbouly, Governor of the Central Bank Hassan Abdullah, Head of General Intelligence Service Abbas Kamel, Minister of Planning and Economic Development Hala El-Said, and Minister of Finance Mohamed Maait.
President Al-Sisi also instructed to maintain intensive cooperation between the government and the private sector within the framework of the initiative to reduce commodity prices, and to overcome any obstacles that may hinder its implementation, in order to ease the burdens on citizens.
The presidential spokesperson Ahmed Fahmy said that the meeting discussed the indicators of the overall performance of the Egyptian economy during the previous period, the developments of implementing the initiative to reduce commodity prices, and the most important economic targets. He also said that President Al-Sisi was briefed on the efforts of cooperation with various international financial institutions in this regard.
