Egyptian Prime Minister Dr. Mostafa Madbouli met with Central Bank Governor Hassan Abdullah on Sunday, September 27, 2026, to discuss mechanisms to enhance financial and monetary stability. The meeting is part of regular coordination between the government and the Central Bank to follow up on priority economic issues. They reviewed several areas of joint work, including coordination between the government and the Central Bank to prepare a national economic transformation program.
The meeting also covered efforts to reduce inflation rates and increase foreign exchange inflows to ensure safe levels of foreign exchange reserves. This will enable the country to manage strategic commodity needs and continuously enhance the strategic stockpile of various goods. The discussions aimed to ensure economic stability and promote sustainable development.
The meeting reviewed key indicators of Egypt's economic performance during this period. The Central Bank recently announced a 28.1% increase in remittances from Egyptians working abroad from January to July 2026. Remittances reached approximately $29.7 billion, compared to $23.2 billion during the same period in the previous year.
Remittances from Egyptians working abroad continued to rise, increasing by 20% in July 2026 to reach $4.5 billion, compared to $3.8 billion in July 2025. This upward trend in remittances is a positive indicator for Egypt's economy. The government and Central Bank are working together to support economic growth.
The national economic transformation program aims to promote sustainable development and improve living standards. The program will focus on enhancing economic stability, increasing investment, and creating job opportunities. The government and Central Bank are committed to implementing the program to achieve its goals.
Egypt's economic growth is closely tied to its ability to attract foreign investment and promote exports. The government has implemented several initiatives to support the growth of key sectors, including tourism, agriculture, and manufacturing. These efforts aim to increase Egypt's competitiveness and improve its economic performance.
The meeting between the Prime Minister and Central Bank Governor reflects the government's commitment to economic stability and growth. The government and Central Bank will continue to work together to address economic challenges and promote sustainable development. This collaboration aims to improve living standards and support Egypt's economic growth.
Key points
- The Egyptian government and Central Bank are working together to enhance financial and monetary stability.
- Remittances from Egyptians working abroad have increased by 28.1% from January to July 2026.
- The national economic transformation program aims to promote sustainable development and improve living standards.
