President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, Central Bank Governor Hassan Abdullah, and Presidential Advisor for Financial Affairs General Ahmed El-Shazly to discuss several economic and strategic files.
According to the statement issued by the Presidential Spokesman, the meeting focused on strengthening the performance of the banking sector and increasing dollar revenues, particularly from local resources. A summary was also presented to the President regarding indicators related to bolstering the state’s foreign currency reserves.
Ambassador Mohamed El-Shenawy explained that the President reviewed ongoing efforts to reduce inflation rates and follow up on the economic and structural reforms led by the government to improve financial and economic indicators. In addition, the discussion covered the ratio of external debt to GDP, with the Central Bank Governor confirming that the ratio remains within safe levels. He also noted that local foreign currency resources recorded a historic increase during August 2025, ensuring the fulfillment of local obligations and achieving an actual surplus.
During the meeting, the President emphasized the importance of enhancing foreign currency reserve levels to support development efforts and meet essential financing needs. He also called for the continued provision of sufficient dollar resources to strengthen the strategic stock of essential commodities. Furthermore, the President highlighted the importance of gradually reducing external debt while maintaining a flexible exchange rate system to ensure economic stability.
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