President Abdel Fattah El-Sisi has emphasized Egypt's commitment to easing economic pressures on its citizens, with a particular focus on combating inflation and controlling price hikes.
This statement came during a high-level meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), held today in Cairo.
The meeting was also attended by Prime Minister Mostafa Madbouly, Central Bank Governor Hassan Abdalla, Planning and Economic Development Minister Rania Al-Mashat, and Finance Minister Ahmed Kouchouk.
Presidential spokesperson Ahmed Fahmy revealed that discussions centered on the progress of Egypt's economic reform program, implemented in partnership with the IMF. President El-Sisi expressed hope for continued collaboration with the IMF, building on previous successes to further economic stability. He acknowledged the considerable challenges faced by Egypt in light of regional and global crises that have strained foreign currency reserves and impacted budget revenues. The president reiterated that alleviating the economic burdens on Egyptians remains a state priority.
Georgieva commended Egypt’s reform efforts, noting its focus on protecting vulnerable populations and its resilience, as reflected in recent positive credit ratings and increased investments. She stressed the IMF’s full awareness of Egypt’s challenges and affirmed its commitment to working with the government to identify balanced reform paths that prioritize economic growth, private sector expansion, and inflation control.
