New York: Assistant Secretary-General Robert Piper, Special Adviser on Solutions to Internal Displacement, commended national efforts made to address the issue of displaced people in Libya during his visit to the country late last year.
This came during a meeting held by Ambassador Taher El-Sonni, Permanent Representative of Libya to the UN, with Piper to discuss his role in reforming the way that the UN addresses the internal displacement and progress Libya is making in this issue.
During the meeting, Piper stressed the importance of rebuilding the support provided by the UN, making this issue more comprehensive, and linking it with peace-building discussions.
Piper said that the number of internally displaced people has recently increased significantly globally and that the tools currently used are insufficient to deal with this problem.
He also commended the support provided by the government and national authorities to deal with this issue and the local reconciliations that have been made in this rega
rd.
Source: Libyan News Agency
Egypt has allocated LE 23 billion to support exports and encourage investors to expand their export activities, Minister of Finance, Mohamed Maait, announced on Tuesday 19/3/2024 during an open dialogue with press and media figures about the new budget.
Furthermore, he revealed that the total value of goods released from ports since January has exceeded $14.5 billion.
Minister Maait emphasized that the agreement with the International Monetary Fund (IMF) is expected to bring in foreign exchange inflows surpassing $20 billion.
Additionally, the European Union’s financial package, estimated at pound 7.4 billion, further bolsters the country’s path towards economic stability.
In terms of support, Egypt has earmarked LE 596 billion, including over LE 134 billion for food supplies and more than LE 147 billion to support petroleum products.
The proposed budget outlines total public expenditures of LE 3.9 trillion, with projected revenues anticipated to reach LE 2.6 trillion. The government has set a target of
LE 2 trillion in tax revenues.
Minister Maait shared that Egypt aims to achieve a 3.5 percent primary surplus in its GDP for the fiscal year 2024/2025, while also striving to reduce the total deficit to 6 percent of GDP in the medium term.
Moreover, the country aims to lower the debt-to-GDP ratio to less than 80 percent over the next three years.
Source: State Information Service Egypt