It was a slow night on talk shows yesterday — sans Lamees Hadidi and Amr Adib — as we inch closer to the weekend. The biggest business story was the PM’s presser reassuring us on the state of the economy (watch, runtime: 20:05).

Everything is under control: Prime Minister Moustafa Madbouly held another presser on the economy yesterday, according to a cabinet statement, as the government looks to reassure the market on FX rates, the state of imports, and the rising cost of living. Madbouly ran through the raft of measures the government has taken to address global economic headwinds, from moves to boost foreign inflows and sell state-owned assets to the private sector, to an EGP 130 bn package of tax cuts and social spending meant to alleviate the burden of rising costs domestically.

The presser came as the government issued a report (pdf) responding to 17 claims and rumors circulating about the economy, including on the FX rate, the country’s external debt, and our IMF loan. Masa’a DMC’s Ramy Radwan had a rundown of the report (watch, runtime: 3:15).

The government is working on a plan to secure the nation’s FX needs until the end of FY 2022-2023, as well as a medium-term plan for the following two years, Madbouly said. Madbouly didn’t provide details on what the plan entails. Some of the steps the government is taking to secure FX shouldn’t be made public ahead of time to avoid negative repercussions, he said.

Building on the economic conference: A new board of trustees will follow up on how to implement the recommendations that came out of the state’s three-day economic conference in October, Madbouly said. A separate committee will prepare for a global conference to promote investment in Egypt in 1H 2023, Madbouly added.