Date: Thu, 16 Oct 2014 00:57:17 +0200
Cabinet of Ministers holds meeting
http://www.shabait.com/images/stories/fruit/october15kabine2.jpgAsmara, 15
October 2014 – The Eritrean Cabinet of Ministers today held meeting at State
House. In its morning session, the Ministerial Cabinet made in-depth
assessment, on the basis of the discussion paper presented by President
Isaias Afwerki, of the subsidy policies adopted with a view to reinforcing
economic development endeavors and ensuring supply of major consumer items
vis-à-vis the impact thereof in the balance of payments. In this regard, the
meeting conducted extensive deliberations on the review and adjustment
resorted to as regards the subsidy policies.
In the course of the deliberations, explanation was given concerning the
current rational adjustment being introduced in reference to the price,
purpose and use of fuel, along with the requisite review and assessment
whenever justified.
In this connection, the Ministerial Cabinet meeting conducted discussion
pertaining to the vital responsibility of follow-up institutions in applying
unified and coordinated control measures so as to protect the general
consuming public from illegitimate price hike of basic commodities.
Following extensive discussion regarding the mapping out of comprehensive
and
http://www.shabait.com/images/stories/fruit/october15kabine3.jpgcomplementar
y plans dealing with the issuance of new trade licenses, the meeting adopted
the requisite resolutions vis-à-vis reinforcing the national currency and
its role in the purchase of strategic consumer items.
Moreover, the meeting heard report of work accomplishments by the Ministries
of Energy and Mines, Local Government, Land, Water and Environment,
Education, Agriculture and Marine Resources.
The respective reports mainly highlighted work accomplishments registered in
2014 with a view to providing impetus to economic growth and development
along with the constraints encountered in the process. The reports also
highlighted the development road map for 2015 and the required budget.
The Ministerial Cabinet meeting is scheduled to continue tomorrow.
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