Egypt PM and central bank governor review priority economic files
Egyptian Prime Minister Mostafa Madbouly met Central Bank Governor Hassan Abdallah to discuss priority economic issues and financial stability. They reviewed preparations for a national economic reform program, efforts to lower inflation, and measures to increase foreign currency inflows and reserves. The meeting also noted a 28.1% rise in remittances from Egyptians abroad from January to July 2026, reaching about $29.7 billion.
Egypt’s prime minister and central bank governor met as part of regular government-central bank coordination. Their talks centered on priority economic matters and monetary stability. They reviewed joint work on a national economic reform agenda, efforts to bring down inflation, and steps to raise foreign-currency inflows and reserves.
The meeting also addressed keeping reserves sufficient for essential imports and maintaining strategic stockpiles. Recent figures showed remittances from Egyptians overseas rose 28.1% from January to July 2026, reaching about $29.7 billion, compared with $23.2 billion a year earlier. In July 2026 alone, they increased 20%, to $4.5 billion.
If inflation eases and reserves grow, Egyptian households and businesses could face more predictable prices and fewer import bottlenecks. Higher remittances may support recipient families and local spending. A national reform program could bring longer-term stability, but its design may affect household budgets, business costs, and jobs in ways that vary by income group. Lower-income Egyptians may remain especially sensitive to price shifts and policy changes.