‘Haya Karema’ initiative, one of Egypt’s top priorities national projects: PM

CAIRO – 16 May 2022: Prime Minister Mostafa Madbouly said that Haya Karema [Decent Life] presidential initiative is one of Egypt’s top priorities national projects.

During a press conference, Sunday, to announce the government’s plan to deal with the global economic crisis, Madbouly affirmed that the State gives top priority to the Decent Life imitative, pointing out the country faces the obstacle of providing production supplies and raw materials to the initiative's projects.

The conference was attended by 40 journalists and 55 correspondents of about 30 foreign media outlets and ministers, where Madbouly answered nearly 100 questions about Egypt's economy and administration.

Prime Minister Mostafa Madbouly added that Egypt was able to cope with all the unprecedented global crises over the past three years.

“Egypt is not isolated from the world. But, we will also overcome the current crisis, and continue to achieve positive growth rates for the benefit of all the Egyptians during the next stage,” he told a press conference.

“We have developed a plan to enhance the private sector's role, accelerate the localization of industries, reduce public debt and the budget deficit, revitalize the Egyptian Stock Exchange, move forward with social protection measures, and provide basic commodities to citizens,” the premier said.

“As part of the whole world, we are facing the worst global crisis since the 1920s that has left losses of nearly $12 trillion in global GDP so far,” he added.