Arab Finance: Minister of Finance Ahmed Kouchouk affirmed ongoing coordination with relevant authorities to secure the basic needs of citizens and the production requirements of investors, as per a statement.

Kouchouk highlighted that the government aims to bolster the strategic reserves of goods and energy.

Under his chairmanship of the National Committee for Crisis and Disaster Management and Risk Reduction, Kouchouk noted that efforts are underway to provide the necessary financial allocations to guarantee the fulfillment of basic needs.

This represents the state’s top priority to enhance the economy’s competitiveness and create job opportunities. Moreover, the initiatives intend to support the tourism, industry, and agriculture sectors.

The government is encouraging the private sector to expand production by leveraging tax, customs, real estate, and financial facilitations.

The minister also noted that rationalization and the optimal use of reserves help mitigate potential risks and alleviate pressure on the budget.

Hence, a joint committee with the Central Bank of Egypt (CBE) studies market variables to adopt more shock-absorbing policies.