Egyptian Prime Minister Chairs Ministerial Economic Group Meeting to Review Economic Reform Progress

Egyptian Prime Minister Chairs Ministerial Economic Group Meeting to Review Economic Reform Progress

2024-03-14 14:15:00

Written by Hind Mukhtar Thursday, March 14, 2024 04:15 PM

Dr. Mostafa Madbouly, Prime Minister, chaired today, Thursday; A meeting of the Ministerial Economic Group, to review and follow up on a number of economic files, in the presence of Hassan Abdullah, Governor of the Central Bank, Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, Dr. Hala Al-Saeed, Minister of Planning and Economic Development, and Dr. Rania. Al-Mashat, Minister of International Cooperation, Dr. Mohamed Maait, Minister of Finance, Eng. Mahmoud Esmat, Minister of Public Business Sector, Eng. Ahmed Samir, Minister of Trade and Industry, Ahmed Issa, Minister of Tourism and Antiquities, Ahmed Kjouk, Deputy Minister of Finance for Financial Policies, and Dr. Ahmed Kamali, Deputy Minister of Planning for Planning Affairs, Dr. Mohamed Farid, Chairman of the Financial Supervision Authority, Hossam Haiba, CEO of the General Investment Authority, Rami Abul Naga, Deputy Governor of the Central Bank, and officials of a number of ministries and concerned authorities.

The Prime Minister began the meeting by indicating that he is following up on a daily basis the position of a number of economic files in cooperation and coordination with the Governor of the Central Bank, as well as the results of the decisions that have been taken recently, pointing to the positive indicators that are being monitored regarding the current volume of dollar flows, whether from remittances from Egyptians abroad. , or giving up the dollar in bank branches and exchange offices, explaining that the demand for the dollar, as confirmed by the Governor of the Central Bank, has begun to decline in light of the wide availability made by the bank, and the speedy release of goods from customs in recent days.

Counselor Muhammad Al-Homsani, the official spokesman for the Council of Ministers, stated that the meeting witnessed a review of the executive steps and procedures for financial and monetary economic reform, which were agreed upon and determined by the state in its program with the International Monetary Fund, especially with regard to rationalizing government investments, containing inflation, and reducing the amount of debt. And other files.

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