Egyptian Cabinet on Suez Canal Debt Exchange
The Egyptian Council of Ministers affirmed that the Suez Canal is not an auction or assets subject to barter, and that it is a strategic facility directly linked to national security and Egyptian sovereignty. It plays a pivotal role in the national economy and global trade. The council clarified that any proposal to transfer its ownership in exchange for debts is not on the table. The government follows a public debt management policy focused on improving financial indicators, achieving surpluses, increasing state resources, while maintaining the efficiency of asset management. It also pointed out that the settlement of the National Broadcasting Authority's debts is a special case and does not serve as a general model for debt management.
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