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Amr Adib questions Madbouly government on debt repayment
Media personality Amr Adeeb discussed Egypt's debt crisis, emphasizing that the Suez Canal is considered a sacred national asset that cannot be sacrificed to settle debts. He pointed out that the Egyptian government can repay around two billion dollars annually, which totals approximately 20 billion dollars over ten years, out of the total debt of 166 billion dollars, provided no new borrowing occurs. Adeeb called for a conference in October to explore methods for repaying these debts. He underscored that Egypt relies on non-productive resources and an economy that is not based on production but heavily dependent on hot money, which makes the economic situation even more difficult. He explained that citizens are feeling the impact of rising prices and emphasized the need for the government to present a clear plan for debt repayment and the role of economic institutions in achieving it.
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