President Abdel Fattah al-Sisi of Egypt has issued a directive on Sunday, urging the government to take decisive actions aimed at alleviating the economic challenges faced by the citizens of the country.
The government has been tasked with absorbing the impact of inflationary pressures, implementing crucial structural reforms, and bolstering the participation of the private sector. This directive emphasizes the importance of eliminating bureaucratic barriers and embracing the principle of competitive neutrality to facilitate the execution of these measures.
These efforts are anticipated to foster an appealing environment for both local and foreign investments, ultimately contributing to advancements across various sectors. Additionally, they are expected to have a positive impact on the national economy, while concurrently raising the income levels of the populace, as highlighted in the statement.
President al-Sisi’s call to action was delivered during a meeting with prominent officials, including Prime Minister Mostafa Madbouly, Central Bank Governor Hassan Abdallah, and General Intelligence Service Chief Abbas Kamel. The discussion also included Minister of Planning and Economic Development Hala El-Said, Minister of International Cooperation Rania Al-Mashat, Minister of Finance Mohamed Maait, and Presidential Advisor for Financial Affairs Mohamed Amin.
The meeting provided an opportunity for President al-Sisi to review and assess various economic indicators and developments within the local economy. This directive underscores the government’s commitment to addressing economic challenges and fostering sustainable development for the nation.
