PM says gov keen on completing economic reform

CAIRO - 3 July 2017: The ministerial economic committee reviewed during a meeting Monday under Prime minister Sherif Ismail the most important features of the economic reform program in the light of the measures taken by the government recently.

The meeting was attended by the governor of the Central Bank of Egypt, as well as the ministers of communications, investment, public business sector, irrigation and local development.

The prime minister asserted the importance of transparency adopted by the government with sharing the viewpoints of the public opinion, adding the government is keen on completing the economic program.

He pointed out to the measures adopted by the government including the foreign exchange liberalization and the new value-added tax to deliver subsidies to the needy and low-income brackets.

He said the benefits from economic reform measures will appear within two or three years, the matter which will reflect positively on services in many sectors such as health, education, sanitary drainage, drinking water, electricity, oil and housing.

The prime minister directed monitoring agencies to follow up markets to make sure that goods are sold at affordable prices