OPEN// PM chairs economic ministerial group meeting
CAIRO, June 11 (MENA) - Prime Minister Mostafa Madbouli chaired a meeting of the economic ministerial group on Wednesday to review several important economic files.
The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdallah along with the ministers of planning, finance, investment, and supply.
The meeting highlighted the progress of the economic reform program as regards the fifth review of the program carried out by the government and CBE in cooperation with the International Monetary Fund (IMF), according to Cabinet Spokesman Mohamed el Homsani.
The meeting also tackled the prominent measures implemented under the IMF Resilience and Sustainability Facility (RSF) program, the spokesman added.
He noted that the inflation rate in June stands within the target range set by the IMF's quantitative performance criteria, and is expected to decline in 2026.
However, there are still some bullish risks due to the implications of protectionist trade policies at the global level, as well as escalating regional tensions and conflicts, the spokesman pointed out. (MORE)
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