Egypt’s Sisi orders stronger financial measures to tackle coronavirus repercussions

Egypt’s Sisi orders stronger financial measures to tackle coronavirus repercussions

Egypt's President Abdel-Fattah El-Sisi has called for continuing to strengthen the state's financial measures to cope with the coronavirus' economic repercussions, according to presidency spokesman Bassam Rady.

In a meeting with Prime Minister Mostafa Madbouly and Finance Minister Mohamed Maait, President El-Sisi called for ensuring the stability of the state's financial policies while handling the pandemic.

Earlier this year, Egypt earmarked, alongside other supportive economic measures, an EGP 100 billion ($6 billion) financial package for fighting the outbreak.

By June, the country had spent EGP 65 billion (approximately $4 billion) of the package, according to Maait's interview with privately-owned satellite TV channel ON last week.

As the country heads into winter, a slight rise has been witnessed nationwide recently in the daily coronavirus infection toll.

This increases concerns