Ministers review economic developments in meeting with Sisi

CAIRO – 17 February 2018: President Abdel Fatah al-Sisi followed up in a meeting with a number of ministers Saturday on the developments of the economic reform program.
Governor of the Central Bank of Egypt (CBE) reviewed during the meeting the latest measures of cutting interest rates by one percent after cooling inflation.

Sisi stressed on the importance of the comprehensive implementation of the reform program in a way that will allow it to continue to create positive results for the economy, especially in terms of increasing growth rates, generating jobs and curbing budget deficit.

In light of President Sisi’s periodic follow up on the government’s efforts in providing essential goods, the meeting reviewed the measures that are currently taken to increase the number of government outlets in various governorates.

The meeting also discussed the status of a number of national projects that are being implemented in different fields.

In a separate meeting on Saturday, President Sisi has met with Housing Minister Mostafa Madbouly to follow up on ongoing construction projects in the country.

The meeting was part of the follow-up of the housing projects in new cities in different parts of the country including the new administrative capital.

Madbouly told the president that the works are going on as scheduled. He also reviewed designs of a number of districts in the new capital.