Reactions poured in from across the spectrum as experts debated the timing, scope and likely impact of the move.
A monitoring committee comprising officials and independent members will publish quarterly progress reports, the announcement said.
Independent observers cautioned that execution remains the real test, pointing to earlier schemes that launched with momentum but slowed once initial attention faded.
The announcement drew swift reactions across the political and business spectrum, with supporters calling it overdue and critics questioning the allocation of resources.
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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