Prime Minister Mostafa Madbouly said on Wednesday the inflation rate decreased for the fourth month in a row and and this is very important indicator for the state. He said the drug shortage crisis will be resolved within three months. About external debt, Madbouly said Egyptians are concerned about the issue of external debt, but the numbers have decreased significantly according to data provided by the Central Bank. He promised the Egyptian citizen that the government would work in full swing to completely resolve the load-shedding plan before the end of this year. He said the volume of electricity consumption in the past period increased in unprecedented amounts, saying, “During the past few days, we exceeded the consumption of 37.5 gigabytes per day, an increase of 12 percent compared to last year.”.

Source: Egypt Independent July 18, 2024 22:16 UTC