Egyptian government affirms no Suez Canal sale
The Egyptian Council of Ministers has affirmed that the country's government is not heading towards selling, mortgaging, or exchanging the Suez Canal in exchange for settling government debts. It clarified that this is not the subject of any official proposal. The Council emphasized that the canal is a strategic asset with a special nature, linked to national security and the national economy. It also stated that public debt management focuses on improving financial indicators, achieving surpluses, and increasing the state's resources through asset management and maximizing returns, all to ensure the preservation of future generations' rights. Additionally, it was explained that the idea of swapping public assets for debt has been considered in the past but was not deemed suitable within the government’s current policies.
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