while Rising global energy prices Amid ongoing regional conflicts, Prime Minister Mostafa Madbouly did just that wave Effectively coordinate between ministries and the Central Bank, and implement daily tracking of global market trends, especially energy prices and financial flows.
Government approach Focus Regarding taking precautionary measures to protect the national economy, ensuring market stability, and maintaining a stable supply of energy for ongoing economic activities.
By taking advantage of pre-existing contractual arrangements and price hedging strategies, the government Objectives To mitigate the effects of rising global prices.
In addition, priority is being given to cooperation with international energy partners to ensure reliable supply chains and enhance local production rates during this critical period.
And the government as well Coordination With the Central Bank to enhance foreign currency resources through communication with international financial institutions, and accelerating the disbursement of allocated financing.
Expanding government offers in international markets and encouraging foreign direct investments are key strategies to enable the Egyptian economy to navigate these difficult global transformations.
Emphasis will be placed on other measures reduction Fuel and electricity consumption in energy-intensive activities, and reviewing operational patterns in various projects and services that rely heavily on diesel, diesel, and gasoline, while maintaining the provision of basic services to citizens.
In addition, the refs directions To conduct daily field assessments regarding electricity consumption reductions, especially in street lighting and public areas, to ensure compliance with efficiency protocols
And the government will too He clings Based on the directives of President Abdel Fattah El-Sisi regarding the legal repercussions on parties manipulating prices during a state of emergency. Price gouging is unacceptable; Hence, efforts will be intensified to reduce any inconvenience faced by citizens due to opportunistic rise in prices of essential commodities.
Moreover, the government plans to Announce Improvements in the wages and salaries of public sector employees starting from the fiscal year 2026/2027, which includes increasing the minimum wage to meet the current economic conditions.
Efforts will also focus on improving the business environment and enhancing the competitiveness of the Egyptian economy through the consistent implementation of investment programs. The goal is Driving Forward exports, as they are vital for growth, are supported by additional assistance initiatives geared towards achieving tangible results.
In addition, monetary policy will remain consistent with inflation targeting objectives, and strive to reduce inflation rates while maintaining exchange rate flexibility according to market dynamics, facilitating the availability of production supplies to the Egyptian market.