Egyptian President Abdel Fattah Al-Sisi called on Monday for sustained efforts to curb inflation and maintain a flexible, unified exchange rate, while ensuring sufficient foreign currency to support economic activity. The remarks came during a meeting with Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdalla.
President Al-Sisi, during Monday's meeting, stressed the importance of securing foreign currency to meet production needs and build strategic reserves of essential goods, according to a presidency statement.
The discussion reviewed recent economic performance, including measures to boost foreign currency inflows, strengthen international reserves, and advance structural reforms amid ongoing regional challenges.
Central Bank Governor Hassan Abdalla stated that foreign reserves remain at safe levels, sufficient to cover strategic requirements and support production needs.
Al-Sisi also examined developments in the banking sector and trends in external debt as a share of gross domestic product, alongside efforts to expand private sector financing to drive growth.
He emphasized enhancing private sector participation and attracting more investment through improved access to finance and targeted economic incentives. The meeting further discussed Egypt's preparations to host the African Export-Import Bank (Afreximbank) annual meetings in June 2026, underscoring the country's role in advancing regional economic integration.
