Egyptian Prime Minister Dr. Mostafa Madbouli has ordered the monitoring of discussions regarding the country's foreign exchange resources and public debt. This move is part of the preparations for the "Egypt 2026" forum, scheduled to take place from October 19 to 24 in the new capital. The forum aims to bring together experts and stakeholders to discuss key economic issues and develop plans to improve the lives of Egyptian citizens.
During a meeting with several high-ranking officials, including Deputy Prime Minister for Economic Affairs Dr. Hussein Issa and Finance Minister Ahmed Kujuk, Madbouli emphasized the importance of addressing concerns about public debt and foreign exchange resources. The meeting was attended by officials from various ministries and the Central Bank of Egypt. Madbouli stressed that managing public debt is a top priority for the government.
The Egyptian government is working to achieve a downward trend in external debt while maintaining this approach in the medium and long term. The government aims to attract more direct investments in various sectors to provide alternative funding sources. Madbouli noted that one of the forum's sessions will focus on discussing public debt in-depth, with the participation of economists and specialists.
The session will aim to provide a transparent and open discussion of the issues surrounding public debt and its challenges. The government is committed to sharing its views and listening to the concerns of citizens and experts. The goal is to develop recommendations and outputs that can be used to manage public debt in the coming period.
The meeting also reviewed the outlines of the National Economic Transformation Program, which is being prepared in coordination with the government and the Central Bank. The program is expected to be presented at the forum, and discussions will be opened on its various aspects. Several interventions were made during the meeting, raising questions and concerns about economic issues that affect Egyptian citizens.
The officials present at the meeting confirmed that the forum will provide comprehensive answers to all these questions and clarify the state's position and directions on various files. The government aims to provide a clear understanding of its economic policies and plans to address the concerns of citizens and experts.
The "Egypt 2026" forum is expected to conclude with decisions, plans, and executive programs that will contribute to improving the lives of Egyptian citizens in the coming period. The government is committed to working towards achieving sustainable economic growth and stability.
Key points
- The Egyptian government is prioritizing the management of public debt and foreign exchange resources.
- The "Egypt 2026" forum will discuss key economic issues, including public debt and foreign exchange resources.
- The government aims to develop plans and programs to improve the lives of Egyptian citizens.
