According to local media, long-awaited changes to Egyptian Prime Minister Mostafa Madbouly’s cabinet are imminent, with new finance and foreign ministers scheduled to take office on Wednesday.
The Gaza War on its border, economic difficulties, and ongoing power outages that have irritated Egyptians and forced some factories to close are among the difficulties facing the new administration.
According to state television, Ahmed Kouchouk will take over as finance minister and will likely have the most difficulty controlling a collapsing economy and spiralling debt.
The foreign ministry announced that Badr Abdelatty, Egypt’s ambassador to the European Union, will take over for Sameh Shoukry, who has led the nation’s diplomatic efforts to mediate a settlement between Israel and the Palestinian militant group Hamas in their nearly nine-month conflict. State TV cited local channel ExtraNews in its report.
Egypt’s ExtraNews, Mahmoud Esmat will be named minister of power and Karim Badawi as minister of petroleum. According to the site, Rania al-Mashat, the previous minister of international collaboration, will be reappointed to her position as minister of economic development, planning, and international cooperation. Sherif Farouk, the head of Egypt Post, is expected to assume leadership of the supply ministry.
There were rumours that Madbouly himself might be replaced as Egypt attempted to manage a chronic foreign exchange shortage and high inflation over the past two years.
President Abdel Fattah al-Sisi directed the new government to focus on lowering inflation and regulating markets as well as attracting and increasing local and foreign investments.
Egypt has historically been the world’s largest wheat importer, and Farouk would be tasked with overseeing those purchases as well as a sprawling food subsidy program that feeds more than 60 million people.