Egypt's central bank governor meets IMF chief in Dubai

Hassan Abdalla, Governor of the Central Bank of Egypt, met Kristalina Georgieva, Managing Director of the International Monetary Fund, to discuss progress on Egypt's economic reform programme. The meeting occurred on the sidelines of the 10th Arab Public Finance Forum in Dubai. Discussions centered on bilateral cooperation and the country's latest macroeconomic indicators.

Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina Georgieva, Managing Director of the International Monetary Fund, on the sidelines of the 10th Arab Public Finance Forum in Dubai. The forum, held under the theme 'A Decade of Fiscal Dialogue: Building Macroeconomic Resilience through Strengthening Fiscal Policies and Institutions,' featured discussions on bilateral cooperation within Egypt's IMF-supported reform agenda. Attendees included Dr. Mohamed Maait, Yasser Sobhy, Deputy Minister of Finance, and Jihad Azour, Director of the IMF's Middle East and Central Asia Department.

Abdalla also held a separate bilateral meeting with Fahad bin Mohammed Al-Turki, Director General and Chairman of the Arab Monetary Fund, to exchange views on shared economic issues and explore avenues for deeper cooperation.

During the event, the Governor took part in the opening session titled 'The Arab World’s Outlook in the Face of Shocks and Uncertainty.' This session reviewed regional and global economic developments, the effects of trade and financial tensions on Arab countries, and strategies to bolster resilience against macroeconomic crises.

Organized by the UAE Ministry of Finance in partnership with the Arab Monetary Fund and the IMF, the forum formed part of the 2026 World Governments Summit. Participants comprised Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, alongside governors of Arab central banks, finance ministers, and representatives from regional and international financial bodies.

The gathering sought to assess a decade of Arab fiscal dialogue and outline priorities ahead, focusing on fiscal reform, development finance, public spending efficiency, and the incorporation of digital transformation and advanced technologies into financial institution management.

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Hassan Abdalla, governor of Egypt's Central Bank, joined the second AlUla Conference for Emerging Market Economies, stressing that the bank's role is not to push the currency up or down but to build a resilient policy framework. He outlined Egypt's economic reform program launched in March 2024, noting inflation's drop from around 40% to nearly 12%. He also highlighted improvements in key economic indicators amid global challenges.

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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.

Egypt and the United Arab Emirates are advancing efforts to conclude negotiations on a comprehensive economic partnership agreement to boost investment flows and economic competitiveness. Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib highlighted this during a meeting in Cairo with UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi. The discussions focused on aligning perspectives to achieve mutual benefits.

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Hassan Abdalla, Governor of the Central Bank of Egypt, stated that climate change has become a core financial issue, highlighting the bank's role in directing the banking sector toward sustainability. The Central Bank, in partnership with the International Finance Corporation, hosted a sustainable finance conference on February 15, 2026. The event focused on building climate resilience and accelerating the shift to a low-carbon economy.

 

 

 

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