PM: Dlrs 3bn goods cleared over past few days

Egypt’s Prime Minister Moustafa Madbouli said a large amount of accumulating goods in various domains was cleared.

He noted that the Governor of the Central Bank said the goods released over the past few days stood at a total value of dlrs 3 billion.

He asserted that the state will take needed measures in this regard, adding that there is a plan for paying foreign partners.

He made the remarks during the weekly cabinet meeting that tackled key issues.

The premier highlighted the key messages that came in President Abdel Fattah El Sisi’s speech during the Armed Forces cultural symposium on the Martyr’s Day.

He referred to the president’s honoring of the families of the martyrs.

Meanwhile, he referred to the economic conditions and the recent decisions, asserting that the state would continue economic reforms in order to secure needed hard currency and lure investments.

He noted that there are positive indicators, topped by the return of money transfers of Egyptians abroad.

He highlighted positive economic reports issued recently, topped by Moody’s ratings that turned its future review of Egyptian economy from negative to positive.

He expounded that this paves the ground for improving Egypt’s rating by Moody’s in the coming period as Moody’s is one of the most important institutions in this domain.