Economic Reform
Egypt's President Abdel Fattah Al-Sisi met World Bank Group President Ajay Banga on Monday, reaffirming Egypt's commitment to economic reform and warning of the economic costs from regional tensions, including an estimated $10bn loss in Suez Canal Authority revenues in recent years.
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Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Ahmed Rostom, Minister of Planning and Economic Development, to discuss strengthening coordination between monetary and economic policies in support of macroeconomic stability and national development objectives. Discussions focused on recent developments in key economic performance indicators amid Egypt's economic reform programme. The meeting also reviewed frameworks for enhancing coordination between monetary and fiscal-economic policies to ensure policy coherence and effectiveness.