Egyptian president announces launching national dialogue on economic status

CAIRO – 24 January 2024: President Abdel Fatah al-Sisi announced Wednesday launching a national dialogue on the country’s economic status saying that there was a need for a “thorough national dialogue” on the Egyptian economy.

Egypt is facing harsh conditions on its Western, Eastern, and Southern borders, President Sisi affirmed saying, “I understand the amount of economic pressure on Egyptians, the tough circumstances, and price hikes. Yet, I trust the resilience of the Egyptian people in the face of crises that impact our lives and economy.”

President Sisi highlighted that the complicated international and regional circumstances imposed major economic challenges to Egypt. He noted that Egypt lost $450 billion between 2011 and 2013 [in the aftermath of January 25 Revolution], adding that the war on terror [for eight years] had cost the country LE120 billion. 

“We need to increase our USD revenues in order to fulfill needs and resolve the currency crisis. We already import $1-billion-worth of fuel and $1-billion-worth of wheat, corn and beans monthly,” the Egyptian president stated pointing out that imported staples are subsidized for millions of citizens.

The president's statements came during a ceremony held to celebrate the 72nd Police Day, where he granted the names of martyred police officers medals of honor.