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عربية – DW
Egypt denies Suez Canal swap for debt
The Egyptian government has confirmed that exchanging the Suez Canal to reduce public debt is merely a personal view and not an official policy. It clarified that a previous study concerning the transfer of ownership of public assets, including the canal, did not include any plan to implement such a proposal, and that transferring assets and debts among government entities does not lead to a reduction in the country's total obligations. It also pointed out that the Suez Canal is both a strategic asset and of crucial importance to national security and the national economy. Managing public debt requires a comprehensive approach based on improving financial indicators, achieving surpluses, enhancing spending efficiency, and maximizing asset returns—away from asset swaps or pledges.
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