Egypt Daily News – Prime Minister Dr. Mostafa Madbouly, said that the government is working vigorously to control and reduce Egypt’s external debt.
He added, during his press conference today, that within 5 months, the external debt was reduced by about 14.2 billion dollars, pointing out that there are rationalization measures, attracting foreign investments, taking advantage of the state’s untapped assets, and encouraging the private sector has a significant impact.
Madbouly stressed the improvement in Egyptian economic indicators, especially with the increase in monetary reserves and the decrease in external debt, indicating that the government’s work is continuing in this aspect of external debt.
