Sisi stresses necessity of covering strategic goods needs for sufficient periods amid regional developments

Cairo - Khadija Hamouda President Abdel Fattah el-Sisi emphasized the importance of infrastructure projects across the African continent, as well as cross-border projects that have achieved consensus, which contribute to enhancing regional integration and achieving sustainability standards and high developmental impact, in addition to their positive effects on the economies of countries, including facilitating the transport of goods and passengers. In this regard, he pointed to the extensive experience of Egyptian companies in implementing prominent developmental projects in African countries, affirming Egypt’s readiness to share its expertise with the Bank, the Fund, and sister African countries, stressing the need to make every necessary effort and engage with partners to mobilize the financial resources required to finance these projects on the continent.

This came during President Abdel Fattah el-Sisi’s reception, yesterday, of Dr. Sidi Ould Tah, President of the African Development Bank Group, which comprises the African Development Bank and the African Development Fund, in the presence of Hassan Abdullah, Acting Governor of the Central Bank of Egypt and Egypt’s Governor at the African Development Bank, and from the Group’s side, Dr. Khaled Sharif, Executive Director for Egypt and Djibouti, and Mohamed El Azizy, Director General of the Regional Office for Development and Services for North Africa.

Meanwhile, President el-Sisi stressed the necessity of covering the state’s needs for strategic commodities for sufficient periods, amid developments in both the regional and international arenas, emphasizing the continuation and intensification of efforts to curb inflation, while maintaining increased spending on health, education, and social protection sectors.

The President also affirmed, during his reception yesterday of Dr. Mostafa Madbouly, Prime Minister, the need to monitor market movements and the availability of food commodities.

The official spokesperson for the Presidency, Ambassador Mohamed El-Shenawy, stated that the meeting addressed a number of political, economic, social, and other files on the government’s agenda. In this regard, the Prime Minister outlined measures related to enhancing social protection and caring for the most vulnerable citizens, as well as files concerning the development of education and health, comprehensive development, investments, increasing exports, and localizing industries within the framework of Egypt’s Vision 2030.