PM Madbouly, CBE governor discuss upcoming economic conference preparations

MENA , Ahram Online , Monday 12 Sep 2022

Prime Minister Mostafa Madbouly and Governor of the Central Bank of Egypt (CBE) Hassan Abdallah met in Cairo on Monday to review a raft of economic files, chief among which was the themes and topics to be discussed during an economic conference the government will hold soon pursuant to President Abdel-Fattah El-Sisi's directives.

PM Mostafa Madbouly in his meeting with CBE governor Hassan Abdallah in Cairo on Monday. Photo : Egyptian Cabinet


The conference is expected to explore a set of visions and proposals for shoring up all sectors of the national economy and dealing with current challenges.

Last Thursday, El-Sisi called on the government to organise an economic conference by the end of the month to discuss the latest developments and future of Egyptian economy.

Madbouly outlined preparations for the event, including ongoing coordination among relevant bodies to set an agenda that covers several topics and files of significant importance to the national economy, such as exports, industry and investment opportunities, Cabinet Spokesman Nader Saad said.

The prime minister highlighted the pivotal role played by the CBE to streamline investment-related measures that stimulate investors to embark on more projects in various sectors, especially the manufacturing, infrastructure and energy industries.

The meeting also touched on key fiscal policy indicators, as well as the recent measures taken by the government and CBE to weather the impact of the current global crises in a way that ensures full integration between the fiscal and monetary policies of both sides.

It also tackled the latest developments related to Cairo's ongoing talks with the International Monetary Fund (IMF) in addition to the efforts exerted to secure the funds necessary for purchasing strategic commodities as per El-Sisi's directives.

In August, PM Madbouly stated that the ongoing talks with the IMF were in their final stage. 

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