DUBAI, June 3 – Egyptian President Abdel Fattah al-Sisi has instructed Prime Minister Mostafa Madbouly to form a new cabinet following the resignation of the current government. This directive comes after Sisi’s reelection for a third term last year, according to a presidential statement released on Monday.
The new government has been tasked with addressing critical economic issues, including reducing inflation, regulating markets, and boosting both local and foreign investments. Additionally, the government is expected to prioritize national security amid regional and international challenges and to strengthen counter-terrorism efforts.
While specific details about which ministers might be replaced were not provided, and no timeline for the announcement of the new cabinet was given, the reshuffle has been anticipated for some time.
In a post on X, Sisi stated, “Today, I assigned Dr Mostafa Madbouly to form a new government that consists of the necessary expertise and competencies to manage the next phase, in order to achieve the desired development in government performance and confront the challenges facing the state.”
Sisi secured his third term in April with a landslide victory, garnering 89.6% of the vote in an election that faced no serious opposition last December.
Speculation had been rife that Madbouly himself might be replaced, especially as Egypt has struggled with a chronic foreign exchange shortage and high inflation over the past two years. However, earlier this year, the Egyptian economy received a boost from a record investment agreement with the United Arab Emirates and international funding deals, including an expanded loan program with the International Monetary Fund (IMF).
