Egyptian MP calls for urgent interrogation of prime minister over new loan

Egyptian MP Abdel Moneim Imam refused to approve a loan agreement between Egypt and the African Development Bank under the Food Security and Economic Resilience Support Program.

An Egyptian parliamentarian rejected the loan, which does not exceed $271 million, demanding the presence of Prime Minister Mustafa Madbouly and summon him to parliament.

In his speech at the plenary session of the House of Representatives, he emphasized that the term “illiteracy” has changed all over the world and is no longer illiteracy of reading and technology, but illiteracy of thought, which is what the current government suffers from, which held 224 meetings, but did not convene last week due to the unprecedented economic crisis. Citizens were surprised by the unprecedented appreciation of the dollar.

He continued: “The government, instead of talking to the people, is far from the street, and the prime minister during the tour talks about the government’s tolerance and support for electricity prices, which is the opposite discourse of what is said on the street. wants”.

He pointed out that the current government is an endless creditor of failures and it came to Parliament to announce its 4 year program called “Egypt Takes Off” and all the people saw its launch, emphasizing the need to keep the prime minister. is accountable to Parliament as he is responsible for investment in Egypt by decision of the President of the Republic, saying: “It should be accountable as a minister in the government responsible for the portfolio of the Ministry of Investment.

Source: RT