Politics
Egypt's PM Reviews Steps for National Program to Stabilize Commodity Prices
Synthesized from2 sources
Egypt's PM Reviews Steps for National Program to Stabilize Commodity Prices
Prime Minister Mostafa Madbouly chaired a meeting with ministers and officials to outline a national program aimed at stabilizing commodity prices and reducing living costs.
- Madbouly stated the meeting implements directives from President Abdel Fattah el-Sisi to expand permanent outlets and regulate supply chains.
- Supply Minister Sherif Farouk announced a working paper including forming a supreme committee and establishing a joint national company as the program's executive arm.
- Deputy Prime Minister for Economic Affairs Hussein Issa said transport and shipping costs are the largest factor affecting commodity prices and must be addressed.
- Future Egypt Executive Director Bahaa El-Ghannam said small outlets will be created within 30 to 45 days, and a comprehensive 12-month program will be ready shortly.
What happened since
Egyptian PM Announces 10-Day Plan to Implement President’s Food Security Directives
Prime Minister Mostafa Madbouly said the government will present a comprehensive plan to the cabinet within ten days to execute presidential directives on food security.
- Madbouly said the plan aims to stabilize and reduce prices of basic commodities, as part of efforts to lower import costs.
- He stated that the Future of Egypt Authority, the Supply Ministry, and the Agriculture Ministry are coordinating on mechanisms to achieve price stability.
- Madbouly announced a conference in early December to develop a plan for integrating informal workers into the formal economy and supporting small projects.
- He said President Sisi also directed the development of the media sector and the integration of informal labor.
Coverage
Read the original reportingThis brief was compiled from 2 outlets, over 3 hours of coverage. Each is listed below with the headline it led on, so you can compare them yourself.
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