President El-Sisi Updated on Economic and Financial Performance Indicators for FY 2020/2021

President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly, the Governor of the Central Bank of Egypt (CBE) Mr. Tarek Amer, Minister of Finance Dr. Mohamed Maait, Vice Minister of Finance for Fiscal Policies Mr. Ahmed Kouchouk, Deputy Governor of the Central Bank of Egypt for Banking Stability Mr. Gamal Negm, and Deputy Governor for Monetary Stability Mr. Rami Abulnaga.

The Spokesman for the Egyptian Presidency stated that the meeting discussed the economic and financial performance indicators for the current fiscal year 2020/2021.

The President commanded the continuation of maintaining positive economic performance rates reflected in the stability of the economic and monetary conditions in the country. With that, economic growth will return to the target rates in the future, with the coordination of the fiscal and monetary policies from the Ministry of Finance and the Central Bank.

During the meeting, the continuous improvement of the economic and financial performance indicators was noted. It was reflected in the quality of public services and the development returns benefitting all segments of the society, especially the most needy and the most vulnerable.

The latest positive reports on the Egyptian economy’s performance were addressed by a number of international institutions and rating agencies, such as “Fitch” Foundation as well as “JPMorgan Chase” Foundation.