Sisi orders economic reform program to continue, prices control

President Abdel Fattah El Sisi on Saturday affirmed that the economic reform program will continue, alongside tightening measures developed by the government to control prices and offer supply commodities at favorable prices and in appropriate amounts.
The president's remarks were made during a meeting with the prime minister, the governor of the Central Bank of Egypt, the minister of defense and military production, interior, petroleum, justice, civil aviation, finance, water resources and irrigation, supply and the head of the General Intelligence Directorate, and the chairman of the Administrative Control Authority.
In a statement, presidential spokesman Alaa Yousef said the meeting reviewed recent security developments, and the economic situation following the International Monetary Fund (IMF)'s approval to provide Egypt with the second loan installment of $1.25 billion.
Decisions to increase financial subsidy from EGP 21 to 50 per person and update the ration card database were followed up, he added
The ongoing measures for retaking state owned lands from illegal occupiers and improving the petroleum sector were discussed, the presidential spokesman said.
On the new administrative capital project, the president issued directives to continue the ongoing coordination between the ministries and authorities concerned regarding the establishment of embassy and business districts to be implemented according to the highest international standards, he added.

Source: Mena