A parliamentarian praises the president’s directives to contain inflationary pressures and enhance foreign exchange reserves
Representative Abdo Abu Aisha, a member of the Senate, stressed the importance of the efforts made by the political leadership to advance the national economy, eliminate inflation, and improve the lives of Egyptians, referring to the President’s directives on the necessity of continuing coordination between the Central Bank and the Ministry of Finance regarding financial and monetary policy in a way that contributes to achieving Promoting economic stability, containing inflationary pressures, and directing more opportunities and financing to the private sector to drive economic growth.
He noted “Abu Aisha,” in a press statement today, on the directives of President Sisi during a meeting with Prime Minister Dr. Mostafa Madbouly, Minister of Finance and Governor of the Central Bank, explained that it will contribute to attracting more investment flows and maximizing the role of the private sector in economic activity.
The senator referred to the review of the meeting. The local and global economic situation, its implications on macroeconomic indicators, and the government’s efforts to ensure that the economic development program is not affected by the current regional and international conditions, as well as efforts to enhance benefiting from available economic opportunities, as well as indicators for the banking sector and monetary policy. And the exchange rate, and the government’s efforts to enhance the state’s foreign exchange reserves, to ensure the availability of the necessary requirements for production and industry in priority sectors, which contributes to enhancing comprehensive economic growth in Egypt.
He stressed The representative said that the national economy was able to confront various local and global crises and challenges, explaining that the economic reform was able to control the performance of the Egyptian economy.
The representative, Abdo Abu Aisha, concluded, Continuing the efforts of the Egyptian state to pump more investments into the arteries of the national economy, continuing the proposal program and completing the International Monetary Fund program in a way that pushes the Egyptian economy higher and coincides with the feeling of the fruits of reform and giant projects.
