CAIRO, April 9 (MENA) – Prime Minister Mostafa Madbouli said that the government is fully prepared to deal with any scenario resulting from the global economic and trade crisis, which could trigger inflation and recession, according to international forecasts.

He explained that the government is closely monitoring financial developments, especially foreign capital movements, with constant coordination between the Central Bank and ministries in charge of economic affairs.

Madbouli confirmed that Egypt’s markets remain stable, with all basic goods available. Weekly meetings are being held with the ministers of finance, petroleum, and electricity and the governor of the Central Bank (CBE) to ensure readiness ahead of summer.

He described the EU’s approval of €4 billion in direct support as part of the new partnership phase with Egypt as a significant step that reflects Europe's recognition of Egypt’s strategic importance.

Madbouli also noted that the latest trilateral summit grouping President Abdel Fattah El Sisi, French President Emmanuel Macron, and Jordan’s King Abdullah II saw an agreement on joint positions regarding Gaza.

Additionally, the premier said that Macron’s visit to Arish, including stops at Al-Arish General Hospital and the Egyptian Red Crescent logistics center, confirms Egypt’s ongoing humanitarian role and clear support for the Palestinian cause. (MENA)

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