Egypt

Prime Minister: We are working to reduce inflation by 10% by the end of next year

Prime Minister Dr. Mostafa Madbouly confirmed that the government is working to secure wheat goods, electricity and other measures, and the state is capable of securing the wheel of the economy and growth, and a clear reform plan has been announced by increasing prices through the state plan. We need rationalization measures and the issue is It may be imposed on us, and the movement will be calculated, and we will have needs and manage them and scenarios, and we will reach this planning. Praise be to God, we have the vision and the reserves, we have months, and the presence of reserves for several months, and the encouragement of the farmers, and all of this with a balanced plan, no matter how bad the situation gets, we will have reserves for that.

He said. The Prime Minister, in a press conference held at the Council of Ministers headquarters in the New Administrative Capital, and we are working to promote the facilities abroad, and the truth is that they are keen to come out and speak, and the reactions abroad are good, and the state is continuing this approach, pointing out that we hope to reduce inflation, not quickly, and before the end of 2025, it reaches less than 10%, which is This is what we are working on.

The Prime Minister pointed out that Ras al-Hekma is a state project and several other projects besides Ras al-Hekma. The goal is to maximize the state’s assets, not to sell, and we are moving forcefully, pointing out that there is no postponement of the International Fund’s meetings with Egypt, and the mission is practicing the review process. With the International Monetary Fund.

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  • Source of information and images “rosaelyoussef”

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