Prime Minister Chairs Fiscal and Monetary Policy Coordinating Council MeetingSource: www.export-egypt.com 10/14/2024, Location: Africa |
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Prime Minister Moustafa Madbouly chaired a meeting this evening of the Coordinating Council for Fiscal and Monetary Policies to discuss several priority economic issues.
Attendees included Central Bank Governor Hassan Abdullah, Minister of Planning, Economic Development and International Cooperation Dr. Rania Al-Mashat, Finance Minister Ahmed Kouchouk, Coordinating Council for Fiscal and Monetary Policies experienced member Dr. Ashraf Elaraby, Deputy Finance Minister for Fiscal Policies Yasser Sobhy, Deputy Central Bank Governor Ramy Aboul Naga, and other experienced members and officials. The meeting focused on potential scenarios to address the ongoing conflicts in the Middle East, particularly the war in Gaza and Lebanon, and their implications for the Egyptian economy, according to Counselor Mohamed El Homsany, spokesperson for the Prime Minister's Office. In this context, the Prime Minister emphasized the need for the government to study various scenarios due to the uncertainty created by these regional conflicts, and confirmed that collaboration with the Central Bank of Egypt (CBE) is already underway. During the meeting, the CBE Governor reported progress in stabilizing the dollar exchange rate, citing several key factors, including the regular flow of remittances from Egyptians abroad. Additionally, the government and the CBE discussed important initiatives aimed at encouraging these remittances. |
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