PM sets price controls, inflation reduction, investment boost as Cabinet's economic priorities

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Tue, 09 Jul 2024 - 11:19 GMT

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Tue, 09 Jul 2024 - 11:19 GMT

CAIRO - 9 July 2024: Prime Minister Mostafa Madbouly, at the first meeting of the newly formed cabinet, outlined key economic priorities aimed at stabilizing prices, curbing inflation rates, and bolstering investments. These initiatives are poised to drive Egypt's economic agenda forward amidst ongoing challenges and opportunities.
 
Central to Madbouly's agenda are immediate actions on critical issues, including economic stability, healthcare, education, and industrial growth. 
 
Recognizing societal concerns, Madbouly stressed the need for officials to prioritize citizen engagement and responsiveness. He pledged regular parliamentary attendance and allocated days for direct interaction with representatives to address public inquiries and legislative matters effectively.
 
Moreover, the Prime Minister underscored the importance of media transparency and active communication to combat misinformation, particularly on social platforms. Weekly press conferences will be held to update the public and clarify governmental decisions and policies.
 
In enhancing administrative efficiency, Madbouly emphasized field inspections to monitor project progress firsthand, ensuring quality service delivery and public satisfaction. He also highlighted the empowerment of young leaders within governmental structures to foster innovation and effectiveness.
 
The meeting concluded with Madbouly emphasizing the necessity of inter-ministerial collaboration and coherence to achieve collective objectives, reinforcing the government's commitment to integrated governance and coordinated efforts across all sectors.
 

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