Dr. Mostafa Madbouly, Prime Minister, chaired this evening, at the government headquarters in the New Administrative Capital, the meeting of the Ministerial Economic Group. To discuss a number of economic axes concerned with maintaining the stability of the Egyptian economy, increasing growth rates and raising employment rates, in the presence of Hassan Abdullah, Governor of the Central Bank, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Dr. Yasmine Fouad, Minister of the Environment, and Ahmed Kjouk. , Minister of Finance, Dr. Sherif Farouk, Minister of Supply and Internal Trade, Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, and Yasser Sobhi, Deputy Minister of Finance for Financial Policies, And Rami Abu Al-Naga, Deputy Governor of the Central Bank, and officials of the relevant ministries and authorities. Enhancing the stability of the Egyptian economy and raising economic growth rates in line with our planned targets in this regard.
Counsel Muhammad Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, said that the meeting discussed Ways to accelerate efforts to transition to clean energy, which contributes to achieving the Egyptian state’s goals of reaching 42% of the energy mix with clean energy by 2030.
Al-Homsani explained: ; In the meantime, it was stressed the need to formulate an expanded investment plan that includes investments with low carbon emissions, including work to reduce these polluting emissions from the hydrocarbon sector, in line with global standards for climate financing, noting that Egypt has made important strides in this regard. With the launch of the “Novi” platform, To finance water, agriculture and green energy projects. Egypt and reducing carbon emissions in various sectors come in light of the importance that different countries of the world attach to climate issues and facilitating access to financing for climate projects, explaining that these issues were the subject of widespread discussion during the COP Climate Summit. 29" In which the Prime Minister participated, on behalf of President Abdel Fattah El-Sisi, President of the Republic, over the course of the 12th and 13th of this November, and was hosted by the Azerbaijani capital, Baku.
He explained Advisor Muhammad Al-Homsani said that the meeting discussed the latest developments in the government offering program, where the entities whose procedures are being finalized for offering specific shares during the coming period were reviewed, including entities in the banking sectors. Airports, medical preparations, plastics, glass, and petrochemicals.
Al-Homsani pointed out: There are about 15 future offerings for entities in different sectors, in addition to the entities whose offering process is being completed during the coming period until the end of the current fiscal year.
In In this context, the Prime Minister directed the rapid completion of the presentation of the entities for which the procedures have been completed, in a way that contributes to achieving the government’s goals in this regard.
In the context of Another, the official spokesman explained that today’s meeting discussed the latest developments in the export burden rebate program, which provides more support to exporters in various sectors, in light of the great importance the Egyptian state attaches to the export sector, which is one of our most important sources of foreign currency.
