Analysts called it one of the most consequential developments of the year, urging consistent follow-through on the announced timeline.
A monitoring committee comprising officials and independent members will publish quarterly progress reports, the announcement said.
Analysts described the move as significant, noting that similar programs in the region have produced measurable results within the first year when backed by consistent implementation.
Speaking to reporters, a spokesperson said further details would be shared shortly, adding that stakeholder consultations were ongoing and feedback would be incorporated where feasible.
Independent observers cautioned that execution remains the real test, pointing to earlier schemes that launched with momentum but slowed once initial attention faded.
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