Egypt converts over 1.1 million 'code meters' to legal status

Egypt's Ministry of Electricity and Energy has begun converting more than 1.1 million "code meters" to legal meters, a move aimed at regulating the electricity system and ensuring fair consumption charges. This initiative encourages citizens to legalize their electricity meters by completing the necessary procedures.

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The Ministry has begun implementing procedures to convert more than 1.1 million code meters to legal meters, after their owners rectified their situations, as part of the state's plan to regulate the electricity system, legalize code meters, and achieve fairness in consumption accounting.

Prime Minister Mostafa Madbouly highlighted the government's efforts during a cabinet meeting, commending the expert-level agreement reached with the International Monetary Fund on the seventh review of the extended financing program. He noted the IMF's recognition of Egypt's swift and decisive actions to limit the economic impact of regional conflicts.

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The government and the International Monetary Fund team have reached an agreement at the expert level regarding the seventh review of the extended financing program.

Key measures include rationalizing energy consumption within government bodies and reprioritizing spending to manage external financial pressures. The government is also increasing social spending to support vulnerable populations affected by these developments. Madbouly linked the cabinet meeting to the 13th anniversary of the June 30 revolution, emphasizing the Egyptian people's determination to preserve national identity and build a strong, modern state under President Abdel Fattah el-Sisi's leadership.

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The swift and decisive measures taken by the Egyptian authorities to avoid the repercussions of the war in the Middle East, which made its impact on the Egyptian economy relatively limited.