Arab Finance: President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla to review developments in Egypt’s current economic performance, as per a statement.

The meeting addressed efforts to reduce inflation, increase foreign currency inflows, and strengthen reserve indicators. It also tackled banking sector performance, external debt levels relative to gross domestic product, and their broader economic impact.

The president reviewed ongoing economic and structural reforms, as well as measures taken by the state, particularly the CBE and the banking sector, in light of current regional developments.

Moreover, discussions covered expanding financing and opportunities for the private sector to support growth, attract investment, and increase its role in economic activity.

In this regard, El-Sisi directed enhancing incentives to support the private sector and leverage available economic opportunities, to attract additional investment and secure financing for development, while ensuring the continued availability of foreign currency to support the supply of essential goods.

El-Sisi stressed the importance of maintaining adequate dollar reserves to support production requirements and strengthen strategic stock levels of key goods.

He also directed continued efforts to reduce inflation and ensure coordination between the government and the CBE to maintain a flexible and unified exchange rate.

Abdalla said foreign currency reserves remain at safe levels sufficient to cover strategic needs, including essential commodities and production inputs.

The talks further addressed Egypt’s hosting of the 33rd Annual Meetings of the African Export-Import Bank (Afreximbank), scheduled for June 21st–24th, 2026.

The CBE governor said the event reflects Egypt’s role in supporting regional integration in Africa amid global economic shifts, highlighting the importance of strengthening regional value chains.