Government, CBE coordinate fiscal, monetary policies to curb inflation, reduce debt: Minister

Preparation and Economic Development Minister Ahmed Rostom stated the federal government, with the direct assistance of Prime Minister Mostafa Madbouly, was collaborating carefully with the Central Bank of Egypt (CBE) to guarantee positioning in between financial and financial policies, with the objective of suppressing inflation, decreasing public financial obligation and advancing thorough advancement.

Rostom made the remarks throughout a conference at the National Planning Institute with economists, academics, and members of your house of Representatives and the Senate to examine financial efficiency indications and evaluate development in carrying out the financial and social advancement prepare for the existing (FY) 2026/2027.

The conference was participated in by Ashraf El Araby, President of the National Planning Institute; Naglaa El Ahwany, previous Minister of International Cooperation; Aliaa El Mahdi, economist and previous Dean of the Faculty of Economics and Political Science; Medhat Nafea, economist; Samiha Fawzy, previous Minister of Trade and Industry; Rasha Ramadan, Professor of Economics; Fakhry El Feky, previous Chairman of your house of Representatives’ Planning and Budget Committee; MP Akmal Nagaty; Nehal El Megharbel, Professor of Economics and previous member of the Senate; and Nagwa Samak, Professor of Economics and Dean of the Faculty of Administrative Sciences at Galala University.

Throughout the conference, Rostom examined advancements in the Egyptian economy and development in carrying out the financial and social advancement prepare for FY 2026/2027. He kept in mind that the economy had actually shown durability in adjusting to worldwide and local geopolitical stress.

Rostom stated the economy grew by 5.1% in the previous , accompanied by a substantial boost in the economic sector’s share of overall financial investment, which reached 57.7%. He likewise highlighted the growing concentrate on the genuine economy and non-petroleum production markets.

The minister described the highlights of the National Economic Transformation Programme, which is being prepared in line with instructions from President Abdel Fattah Al-Sisi.

He discussed that the program would develop on the momentum of previous reforms instead of go back to square one, matching existing methods, consisting of the State Ownership Policy Document. Its goals consist of combining financial sustainability, reinforcing competitive neutrality and minimizing the federal government’s existence in chosen sectors to produce higher scope for personal financial investment.

Rostom worried that the program’s main goal, along with that of all structural reforms, was to enhance people’ lifestyle and provide a concrete, favorable effect on living requirements.