Minister: New mental health complex to be established soon outside Cairo

Health and Population Minister Khaled Abdel Ghaffar asserted on Friday 27/01/2023 President Abdel Fattah El Sisi’s interest in mental health file.

This came during the inauguration of the “Fahim Foundation for Mental Health Support” in which Social Solidarity Minister Nivine Kabbag, Youth and sports Minister Ashraf Sobhi and a number of ambassadors, members of parliament and public figures had also attended the ceremony.

He announced that a complex for mental health will be established soon outside Cairo to treat financially capable and incapable citizens.

The minister pointed out that the ministry is giving great attention to the presidency initiative to support mental health, noting that the ministry had established several mental health clinics in villages and governorates nationwide.

Source: State Information Service Egypt

Health minister and AmCham delegation probe investment in health sector

Health and Population Minister Khaled Abdel Ghaffar has discussed with members of the American Chamber of Commerce (AmCham) investment in the health sector.

At the beginning of the meeting, the minister extended thanks to the ministry’s leaderships and representatives of Cairo Chamber of Commerce, healthcare service providers and private sector companies over to their unremitting efforts in promoting cooperation to improve the quality of health services.

The meeting tackled investment opportunities in the healthcare and pharmaceutical sectors, said Health Ministry Spokesman Hossam Abdel Ghaffar.

The minister affirmed, during the meeting, providing all the necessary support to render the healthcare investment projects successful, added the spokesman.

The minister also underlined the importance of joint cooperation with the private sector, said the spokesman.

Source: State Information Service Egypt

Egypt, WHO mull developing production of medicine, vaccines

Minister of Health and Population Khaled Abdel Ghaffar and the WHO Representative in Egypt Naeema Al-Jasseer probed in a meeting on Friday means of cooperation to develop production system of vaccines and medicines.

The meeting addressed ways to transfer experience and the technology of mRNA to produce medicines that able to treat chronic diseases, spokesperson of Health and Population Ministry Hossam Abdel Ghaffar.

Abdel Ghaffar added that the move would be implemented by training human cadres in the technology of mRNA with the cooperation of experts of the WHO.

He noted that the officials agreed upon organizing a number of joint meetings to coordinate work system and visits by the WHO experts to Egypt’s producer of vaccines and sera “Vacsera”.

He pointed out that the visits aim to inspect production lines of vaccines and pharmaceutical industries in Vacsera.

Source: State Information Service Egypt

IMF lauds Egypt’s endorsement of State Ownership Policy Document

International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar lauded the country’s endorsement of the State Ownership Policy Document.

In a press conference held at the fund’s premises in Washington on Tuesday 10/1/2023, Hollar said Egypt’s adoption of a flexible exchange-rate regime will contribute to stabilizing the foreign exchange market and preserving the country’s foreign reserves.

She also praised Egypt’s plans for increasing exports, maintaining foreign cash reserves, strengthening the local production and securing jobs.

Earlier today, the IMF expected Egypt’s economy will grow by 4% in the 2022/2023 current fiscal year (FY), 5.3% in the fiscal year 2023/2024 and 5.7% in the fiscal year 2024/2025.

The IMF also projected the annual core inflation rate to decrease by 7% by the fiscal year 2024/2025 and the State budget to achieve 2.1% surplus of GDP.

The IMF stated the loan agreement reached with Egypt aims to stimulate economic growth led by the private sector, stabilize the foreign exchange market and maintain price stability to absorb external shocks.

In December 2022, Egypt has reached a 46-month staff-level agreement with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) to receive a loan worth about $3 billion.

Source: State Information Service Egypt