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Egypt Rejects Suez Canal Debt Swap | Egypt News
A bold proposal floated by a public figure to hand over state assets—including the Suez Canal—to the Central Bank to pay down domestic debt has been firmly rejected by Egypt’s Cabinet. They clarified it’s purely a personal opinion, not policy, stressing that asset transfers don’t reduce overall debt and that national security and sovereignty make the Suez Canal off-limits. The Cabinet emphasized a comprehensive, integrated approach to debt management—focusing on smarter spending, revenue growth, and transparent partnerships—rather than isolated swaps. They also noted a recent media authority…
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