The official page of the Presidency of the Council of Ministers published a video of the meeting of Dr. Mostafa Madbouly, Prime Minister, with Hassan Abdullah, Governor of the Central Bank, at the headquarters of the Council of Ministers, to review a number of economic files.
During the meeting, the most important indicators of monetary policy and the expected positive repercussions of the recent decisions issued by the Central Bank regarding canceling the maximum limits for deposit operations for individuals and companies in bank branches and ATMs, which were being implemented as part of the precautionary measures taken to confront the effects of the Corona pandemic, were reviewed.
The meeting also touched on a number of proposed measures, within a specific time frame, to deal with the current economic situation and the repercussions of the global crisis, in a manner that ensures full integration and coordination in fiscal and monetary policies.
The Governor of the Central Bank also briefed the Prime Minister on the position of activating the decision to exclude production and operating requirements from working in the documentary credit system, and a review of the most important efforts made in this regard, in implementation of the directives of President Abdel Fattah El-Sisi, President of the Republic, to support the industry sector. The proposed policies to deal with this file in the future were also discussed, in order to ensure the availability of various products in the local markets, and the continuation of the cycle of production and the economy.
The meeting also touched on the current efforts made by the government to improve the investment climate, activate the participation of the private sector in the economy, and the targeted economic goals during the coming period.
At the conclusion of the meeting, the importance of continuous meetings and periodic consultation on the economic policies required to confront the current global economic crisis, and in a manner that ensures the continuation of harmony between fiscal and monetary policies, was emphasized.