Madbouly and central bank governor meet on inflation, reserves, and economic reforms

Prime Minister Mostafa Madbouly met Central Bank Governor Hassan Abdalla to coordinate economic policy, inflation control, and foreign-currency reserves.

• The two officials discussed preparing a national economic transformation program through joint government-central bank coordination.
• The meeting focused on efforts to continue lowering inflation and boosting dollar inflows.
• Officials affirmed working toward safe foreign-currency reserves securing strategic needs for basic commodities.
• Abdalla reported leading Egypt's delegation at the 48th Association of African Central Banks meetings in Nairobi, September 13–18, attended by 34 central bank governors.
• The Association of African Central Banks approved Egypt as vice-president of the North Africa region, positioning it to take the regional presidency in 2028.
• The meetings approved publishing the second edition of the African Financial Stability Report.