Egyptian Prime Minister Dr. Mostafa Madbouli met with Central Bank Governor Hassan Abdallah on Sunday, September 20, 2026, to discuss economic priorities. The meeting aimed to review key economic issues and explore ways to enhance financial and monetary stability. The two officials reviewed several aspects of Egypt's economic reform program, including joint coordination between the government and the Central Bank to prepare a national economic transformation program.
The meeting also covered the current performance of the national economy, particularly efforts to reduce inflation and increase foreign currency inflows. The Prime Minister and Central Bank Governor emphasized the need for continued coordination to ensure a stable and secure financial environment. They discussed the importance of maintaining adequate foreign exchange reserves to meet the country's strategic needs for essential commodities.
Governor Abdallah highlighted his recent participation in the 48th annual meetings of the African Central Banks Association, held in Nairobi, Kenya, from September 13 to 18, 2026. The meetings brought together governors of 34 central banks from 53 African countries. He also attended the 14th meeting of the Council of Governors of central banks participating in the African Payment and Settlement System.
The Central Bank Governor's participation in these meetings aimed to support regional banking relationships and promote economic and trade cooperation with African countries. He emphasized the importance of these engagements in fostering a favorable business environment and promoting economic growth.
Governor Abdallah also participated in a high-level conference on the use of artificial intelligence in central bank practices, organized by the Central Bank of Kenya. The conference focused on three main areas: the use of artificial intelligence in monetary policy and financial stability, the development of banking supervision and financial integrity, and the governance of artificial intelligence and risk management.
The conference explored the potential of artificial intelligence in analyzing large and diverse data sets and supporting economic forecasting. Governor Abdallah noted that these discussions highlighted the need for effective use of artificial intelligence in central banking practices.
The meeting between the Prime Minister and Central Bank Governor reflects the Egyptian government's commitment to addressing economic challenges and promoting stability. The two officials reaffirmed their commitment to working together to achieve these goals and ensure a favorable economic environment.
Key points
- Egypt's Prime Minister and Central Bank Governor met to discuss economic priorities, including financial stability and inflation reduction.
- The Central Bank Governor participated in international meetings to promote economic cooperation and discuss the use of artificial intelligence in central banking practices.
- The Egyptian government is working to enhance financial stability and reduce inflation through coordinated efforts between the government and the Central Bank.
