Officials confirmed the development on record, with detailed briefings expected in the coming days as stakeholders weigh the implications.
A monitoring committee comprising officials and independent members will publish quarterly progress reports, the announcement said.
The announcement drew swift reactions across the political and business spectrum, with supporters calling it overdue and critics questioning the allocation of resources.
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.
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