Egypt's President Abdel Fattah El-Sisi directed the government on Sunday to exert maximum effort to mitigate the effects of the ongoing economic crisis on citizens and absorb inflationary pressures while continuing to implement structural reforms.
El-Sisi made his remarks during a meeting with high-level officials, including Prime Minister Mustafa Madbouli, Central Bank of Egypt (CBE) Governor Hassan Abdallah, and Head of the Egyptian General Intelligence Service (GIS) Abbas Kamel, among others.
During the meeting, he highlighted the need to enhance the role of the private sector by removing bureaucratic obstacles and promoting competitive neutrality, according to a presidential statement released afterwards.
El-Sisi also emphasized the need to create an attractive environment for both domestic and foreign investments.
This would support development gains in a way that supports the national economy and raises the income levels.
The officials also reviewed economic indicators from Egypt and around the world, including the latter’s consequences for Egypt.
The meeting touched upon the government's recent efforts to improve overall economic indicators and attract diversified investments, noted the statement.
The president was also briefed on the most important future economic targets as well as efforts to cooperate with various international financing institutions to continue economic reforms.
Source: Al-Ahram Online
