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Debunking the asset swap proposal

Debunking the asset swap proposal

The Egyptian government has confirmed that the proposal circulating recently regarding the exchange of public assets, such as the Suez Canal, in exchange for settling part of the domestic debt, does not represent an official policy. It clarified that such ideas have been previously studied and concluded that they are not suitable, as transferring assets or debts between state entities does not reduce the overall burden of public debt. The government stressed that the Suez Canal remains a strategic facility of national and security importance, and that current policies are focused on improving financial indicators, achieving sustainable surpluses, increasing the state's resources, and enhancing asset management to ensure the highest economic return.

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