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 Egyptian Prime Minister Dr. Mostafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla convened on Sunday to discuss mechanisms for bolstering financial and monetary stability, alongside a host of priority economic files. At the forefront of their agenda was the joint coordination between the government and the CBE to draft a new national economic program for the upcoming period.

**A New National Economic Program**
The periodic meeting reviewed coordination mechanisms for the new economic blueprint, tracking Egypt's macroeconomic trajectory, and outlining strategic priorities for the coming phase. The officials evaluated a range of economic and financial indicators, inflation dynamics, foreign exchange (FX) inflows, international reserves, and ongoing efforts to secure the nation's strategic stockpile of essential commodities.

**Curbing Inflation and Boosting Dollar Inflows**
Discussions also addressed the impact of recent measures implemented to curb inflation rates and accelerate dollar inflows. These concerted efforts aim to stabilize the foreign exchange market, maintain safe levels of FX reserves, and enhance the state's capacity to procure strategic requirements. Both leaders reviewed core economic metrics in light of recent governmental and banking interventions designed to underpin macroeconomic resilience.

**Remittances Hit $29.7 Billion in 7 Months**
The meeting highlighted key performance indicators of the Egyptian economy, spearheaded by a remarkable surge in remittances from Egyptian expatriates. According to CBE data, remittances jumped by 28.1% between January and July 2026, reaching approximately $29.7 billion, compared to $23.2 billion during the same period last year—an increase of nearly $6.5 billion. 

Remittances remain a primary artery for dollar inflows into the Egyptian economy, playing a vital role in fortifying foreign exchange resources through official banking channels.

**$4.5 Billion in July Remittances**
Expatriate remittances continued their upward trajectory in July 2026, recording a 20% year-on-year growth to reach around $4.5 billion, up from $3.8 billion in July 2025. This surge aligns with persistent state efforts to augment foreign exchange liquidity, stabilize the currency market, and improve the economy's ability to meet its foreign currency obligations.

**Continuous Government-CBE Coordination**
Sunday's meeting is part of a series of periodic gatherings between the government and the central bank to track priority economic dossiers and align on policies that foster macroeconomic stability. The drafting of the new program reflects a strategic pivot toward sustaining economic reforms tailored to national priorities, with a laser focus on anchoring stability, driving FX inflows, and upgrading the Egyptian economy's capacity to navigate future global headwinds.