On July 17, Prime Minister Mostafa Madbouly chaired the inaugural meeting of the economic ministerial group following the announcement of the new ministerial lineup.
Key figures attended the meeting, including Hassan Abdullah, Governor of the Central Bank; Rania Al-Mashat, Minister of Planning; Ahmed Kajouk, Minister of Finance; Sherif Farouk, Minister of Supply; Hassan Al-Khatib, Minister of Investment; and Yasser Sobhi.
The prime minister tasked the economic group with developing proactive strategies to address current and anticipated global and regional events and their potential impact on both the local and International economies. Emphasizing the need for ongoing coordination with the Central Bank to safeguard achievements and pursue financial sustainability, Madbouly stressed the importance of initiating a new phase in the Egyptian economy that aligns with citizens’ expectations.
Madbouly highlighted improvements in various indicators, such as reduced external debt, decreased inflation rates, and enhanced purchasing managers’ index.
Furthermore, he underscored the Economic Group’s need to collaborate with other ministerial groups and committees to ensure alignment of economic, social, and sectoral policies.
Concurrently, the prime minister emphasized the urgency of addressing specific priorities, notably inflation rates and foreign direct investment (FDI).
