Madbouly issues decision to form ministerial economic group
Updated 7/15/2024 6:08:00 AM
Arab Finance: Prime Minister Mostafa Madbouly has issued a decision on forming the ministerial economic group, as per a statement.
The group will be chaired by Madbouly, with the members to include the Governor of the Central Bank of Egypt (CBE), the Minister of Planning, Economic Development, and International Cooperation, the Minister of Finance, the Minister of Supply and Internal Trade, and the Minister of Investment and Foreign Trade.
The group is scheduled to meet weekly and as needed, with the option to invite experts and other relevant individuals to their meetings.
It will be tasked with setting the general framework for the country’s economic and financial policies to stimulate growth and employment while ensuring financial sustainability and economic stability.
The group will review and study economic and financial issues, provide opinions, and prepare necessary recommendations and relevant legislation.
Its responsibilities include quarterly reviewing the Egyptian economy’s indicators, developing recommendations and proposals to improve them, and ensuring their implementation.
Additionally, the group is empowered to make necessary decisions, including identifying priority structural reforms and proposing policies to address challenges facing the Egyptian economy, particularly during emergencies.
Last week, Madbouly issued two decisions to establish the Ministerial Group for Human Development and the Ministerial Group for Industrial Development.
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