Cabinet Spokesman Counselor Mohamed El-Homsani said the
meeting reviewed coordination efforts between the government and the CBE. He
explained that the discussion focused on the role of this coordination in
maintaining the downward trend in inflation rates.
El-Homsani added that the meeting also discussed the latest
developments in Egypt’s foreign exchange reserves. He confirmed that the
reserves remain at reassuring and stable levels.
The spokesman noted that the CBE Governor briefed the Prime
Minister on the results of his recent visit to Washington, D.C. He attended the
Spring Meetings of the Boards of Governors of the International Monetary Fund
(IMF) and the World Bank. The Egyptian delegation included several ministers
from the economic group.
Abdalla said he held a series of important meetings with
senior officials from the IMF and the World Bank on the sidelines of the Spring
Meetings. He explained that these discussions focused on strengthening ongoing
cooperation between Egypt and the two international institutions.