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Sisi directs boosting foreign currency reserves to support growth

Businessmen Team news 21 December 2025 01:06 PM
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Sisi directs boosting foreign currency reserves to support growth

President Abdel Fattah El-Sisi met with Prime Minister Dr. Moustafa Madbouly, Central Bank Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk on Sunday to review strategies for maintaining financial stability and curbing inflation.

The meeting focused on sustaining the downward trend in inflation following a decline in November 2025. El-Sisi directed the government and Central Bank to tighten market monitoring and ensure the steady supply of essential goods to maintain price stability.

Key economic indicators discussed during the meeting included: Monetary reserves: A review of efforts to further bolster foreign exchange reserves; Fiscal discipline: Progress on achieving a primary budget surplus and reducing the debt-to-GDP ratio; and Debt management where the President emphasized the need for a coordinated state effort to lower debt service costs and improve the overall debt structure.

The President instructed officials to accelerate financial sustainability measures, ensuring that resources are prioritized for public services and human development initiatives. He further stressed the importance of providing the necessary financing to support production, employment, and the broader business environment.