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CNN Arabic
Economists Comment on Egypt's Barter Plan
The article includes responses from economic experts regarding Hassan Heikal's proposal. Hassan Heikal is an Egyptian businessman and banker who suggested transferring ownership of some state assets to the Central Bank in exchange for offsetting the liabilities incurred by these assets, with the aim of reducing the burden of public debt. The government indicated that the proposal remains a personal opinion and does not reflect an official policy. It also stated that the debt settlement process for Maspero was a special case and not a general model for debt reduction. Financial experts clarified that transferring debt between government entities does not change the total obligations or costs. Actual debt reduction requires reducing assets or borrowing costs, not merely reallocating assets and debts between ministries and government agencies.
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