Abdel Moneim El-Sayed: Egypt manages global crises through a secure strategic reserve and unprecedented coordination.

Dr. Abdel Moneim El-Sayed, Director of the Cairo Center for Economic Studies, affirmed that the sense of reassurance currently experienced by the Egyptian public amid global crises stems from the state's effective management of past crises. He explained that the recent meeting held by His Excellency the President of the Republic with the National Authority for Crisis and Emergency Management reflects the state’s vigilance and early preparedness. During the meeting, directives were issued to integrate databases and coordinate across all entities to ensure the availability of basic commodities for a period of no less than six months, shielding Egyptian citizens from the panic-buying and hoarding witnessed in several other countries.

Secure Strategic Reserves and Successful Past Experiences

During an interview on the Al-Hayah Al-Youm program with media host Mohamed Mostafa Sherdy on Al-Hayah TV, El-Sayed noted that citizens' trust is rooted in tangible experiences during the COVID-19 pandemic in 2020 and the Russo-Ukrainian War in 2022, when all goods remained available without interruption. He attributed this success to the state’s proactive plan to build the National Silos Project starting in 2015, which yielded massive strategic reserves: sugar stocks are sufficient for 12 months, wheat for 8 months, while other commodities such as pasta and corn range between 8 to 10 months—all backed by foreign currency reserves exceeding $57.5 billion to secure any necessary imports.

A Unified Data Umbrella for Precise Resource Management

The Director of the Cairo Center for Economic Studies revealed the government's operating mechanism under a "single data umbrella," explaining that the Ministry of Supply monitors the needs of more than 70 million beneficiaries of rationed commodities and 63.5 million beneficiaries of the bread subsidy system. Based on this data, the Ministry of Agriculture determines the volume of local production—which covers approximately 55% of requirements (such as wheat)—after which the Central Bank steps in to provide the necessary US dollar funding to import the remaining percentage, while accounting for other obligations such as the monthly import bill and Ramadan expenses.

Dr. Abdel Moneim El-Sayed concluded his remarks by emphasizing the role of accurate data analysis, in cooperation with the Ministry of Foreign Affairs, in anticipating global crises. He explained that if any threats or tensions emerge in major supply regions, such as the Black Sea crises, the state moves immediately to open new markets and secure imports before the problem escalates, ensuring the continuous flow of strategic goods and confirming the Egyptian economy's capacity to absorb shocks with resilience.

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