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Egypt Reaffirms Suez Canal Stance
The Egyptian Cabinet confirmed that the proposal to barter some state assets, including the Suez Canal, in exchange for domestic debt is not rejected and does not reflect the government's policies. They clarified that a previous study led to the rejection of this approach because it does not result in a direct reduction of the country's financial obligations. Addressing public debt requires a comprehensive view of its structure and costs. The council emphasized that the Suez Canal is a strategic facility of special importance, linked to national security and the economy, and should not be subject to barter or pledge. It is also considered one of Egypt's main sources of foreign currency and a vital conduit for global trade.
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