Dr. Mostafa Madbouly met with the Prime Minister today; Hassan Abdullah, Governor of the Central Bank, to review a number of economic files.
Ambassador Nader Saad, the official spokesman for the Presidency of the Council of Ministers, stated that the meeting dealt with a review of a number of frameworks and axes that will be discussed and put forward during the economic conference, which President Abdel Fattah El-Sisi, the President of the Republic, assigned the government to prepare for, so that during its sessions, proposals and visions from the It will support the various sectors of the Egyptian economy, and ways to confront the current challenges.
The Prime Minister referred to what is currently going on with the start of preparations for the convening of this important conference, and coordination and cooperation between the various stakeholders, to reach an agenda of events that includes many topics and files of importance to the Egyptian economy, including those related to industry, export, and available investment opportunities, as well as The ingredients and capabilities that exist on the land of Egypt, making it a destination for investors during this stage.
The Prime Minister stressed the importance of preparing working papers and executive plans, so that they are reviewed during the conference sessions and activities, in order to discuss and discuss them, in order to approve what would support steps to advance our various economic sectors, and in an effort to achieve the desired growth rates from those sectors, and in this regard, the Prime Minister noted The ministers referred to the central and continuous role of the Central Bank of Egypt in supporting proposals and facilitating procedures, which represent an incentive for the entry of more investors and the implementation and establishment of many projects in various sectors, foremost of which are the sectors of industry, infrastructure, energy, and others.
The Prime Minister pointed out that during the conference, the state’s efforts to support the Egyptian economy in various sectors will be reviewed, and the availability of more facilities and incentives to support these sectors, and to encourage an increase in the participation of the private sector in them, will be discussed, in order to achieve more targeted economic development.
On the other hand, the meeting dealt with the most important indicators of monetary policy, and a follow-up to the measures and decisions that are taken, in the context of dealing with the current economic situation, in light of the current global crises, in order to achieve complete integration and coordination in financial and monetary policies between the government and the Central Bank, as well. The meeting dealt with the latest developments related to the negotiations with the International Monetary Fund, and the points of progress achieved, leading to the final agreement with the Fund.
The official spokesman added, the meeting reviewed efforts to provide the necessary funding for the purchase of various strategic commodities and contracts for them, within the framework of implementing the directives of President Abdel Fattah El-Sisi, President of the Republic, on the importance of providing safe balances of various strategic commodities, as well as providing various production and manufacturing requirements to ensure the continuation of the production wheel. And the economy.