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Sisi directs focus on boosting foreign currency reserves

Businessmen Team news 06 May 2025 02:29 PM
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Sisi directs focus on boosting foreign currency reserves

President Abdel Fattah El-Sisi met today, Tuesday, with Prime Minister Dr. Moustafa Madbouly, Central Bank Governor Hassan Abdullah, and Finance Minister Ahmed Kouchouk

Presidential Spokesperson Ambassador Mohamed El-Shennawy stated that the President was briefed on macroeconomic indicators and the government's economic and structural reforms aimed at improving financial performance. These reforms are implemented through sectoral programs across various economic activities, alongside continued efforts to strengthen social protection for vulnerable groups.

The meeting also reviewed progress in the economic reform program, focusing on boosting productive sectors, diversifying the economy for optimal state returns, mitigating inflationary pressures, encouraging private sector growth and employment, and attracting local and foreign investment.

The President stressed the importance of aligning fiscal and monetary policies with the state's economic vision, increasing foreign exchange reserves, meeting development financing needs, and sustainably reducing both budget and external debt.