The measure is expected to directly affect millions, with authorities promising transparent monitoring and quarterly progress reports.
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.
Officials familiar with the matter said the initiative had been under preparation for several months, with technical committees reviewing detailed proposals before the final announcement was made public.
The announcement drew swift reactions across the political and business spectrum, with supporters calling it overdue and critics questioning the allocation of resources.
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