CAIRO, Nov 17 (MENA) - Prime Minister Mostafa Madbouli said Sunday the government continues efforts on all economic axes that would enhance the stability of the Egyptian economy and boost economic growth in line with planned targets.

This came during Madbouli’s of chairing a meeting of the economic ministerial group on Sunday evening at the government headquarters in the New Administrative Capital, to discuss a number of economic files concerning maintaining economic stability, accelerating growth and raising employment rates.

The meeting discussed ways to push forward efforts to shift to clean energy, which would contribute to achieving the Egyptian state’s goal of having renewable energy comprise 42 percent of its electricity generation mix by 2030, said cabinet spokesperson Mohamed El-Homsany.

Meantime, the government said it needed to formulate an expanded investment plan that encourages low carbon investments, reduces the polluting emissions from the hydrocarbon sector, in line with global standards for climate finance.

There are about 15 future public offerings for entities in various sectors in addition to the entities whose public offering process is planned to be completed during the coming period and by the end of the current fiscal year, the spokesman said.

In this context, the premier told the cabinet to complete the public offering of targeted company shares to contribute to achieving the government's goals in this regard.

In another context, the official spokesperson said today's meeting discussed developments as regards the export rebate program, which aims to provide more support to exporters in various sectors. (MENA)
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