"In light of the Russian -Ukrainian crisis" .. a government meeting with the central bank to follow up on the funding of basic commodities

The Dr. Mustafa Madbouly, the head of the Council of Ministers, held a meeting today;To follow the efforts to provide basic commodities locally, and the necessary financing, in light of the developments of the Russian -Ukrainian crisis and its impact on the movement of commodities globally, in implementation of the president's directives in this regard..

The meeting was attended by Tariq Amer, Governor of the Central Bank, Dr. Mohamed Moait, Minister of Finance, Nevin Jameh, Minister of Trade and Industry, Dr. Ihab Abu Aish, Deputy Minister of Finance for the Public Treasury, Jamal Najm, Deputy Governor of the Central Bank, Rami Abu Al -Naja, Deputy Governor of the BankThe Central, a number of officials of the Central Bank and the Ministry of Finance, Trade and Industry.

Ambassador Nader Saad, the spokesperson for the Presidency of the Council of Ministers, stated that the developments of the Russian -Ukrainian crisis are being followed up, and the remarkable development in basic commodity prices, first -hand..

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In this regard, the Prime Minister explained that he is monitored with officials at the Central Bank and the Ministry of Supply and Finance, and the ministries and concerned authoritiesThe outbreak of the crisis.

The Prime Minister stressed that there are assignments from President Abdel Fattah Al -Sisi, the President of the Republic, to maintain the continuity of the strategic stock of the state from the main food commodities and follow its market prices, especially the listed on the catering card, which the state bears the increases that have been done so far..

Ambassador Nader Saad added: “There is a continuous follow -up to the movement of commodity prices globally, as the situation is evaluated around the clock by officials;To find out the financing needs necessary to provide an appropriate reserve from these goods during the coming period..He pointed out that the prices of different commodities are also followed up in the local markets, and the state is keen on the availability of various commodities for the Egyptian citizen, despite the global challenges due to the current crisis, and the imposition of the blurring of vision..

"Saad" explained that the meeting also witnessed the discussion of the mechanisms of pushing the national industry to work to increase production, to provide local needs, as well as increase export, as the state supports this important sector, which has achieved high rates in the last period.