Egypt's government will hold a second crisis committee meeting by mid-next week to review contingency plans as the country braces for possible fallout from an escalating regional conflict, Prime Minister Moustafa Madbouly said Wednesday. Speaking at a press conference in Cairo, the prime minister said the committee — which convened for the first time earlier in the day — has tasked ministers with presenting detailed scenarios and implementation plans to shield Egypt's economy and ensure the security of strategic commodities. "We are working on proactive plans, not just reactions, to any escalation in the region," Prime Minister Madbouly said. "Our priority is to safeguard the nation's needs under any circumstances." He assured citizens that Egypt's reserves of essential goods are at safe levels, covering more than six months, and that there have been no delays in securing foreign currency for critical imports, including production inputs. The prime minister warned that a wider war in the region could have serious implications for Egypt and stressed that the government is preparing for "the worst-case scenarios" to protect the country's interests. Egypt, which has been building up its strategic reserves in recent months, remains focused on maintaining economic stability as geopolitical tensions heighten risks for the import-reliant nation. Attribution: Amwal Al Ghad English
