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Egypt is committed to repaying its debts, Finance Minister

Monday 06 August 2018 02:03 PM

Finance Minister
Finance Minister

By Maha Abu Wedn
Egypt is committed to paying its debts both internally and externally, stressing that there is no validity at all for the governments’ inability to repay its debts, said Finance Minister Dr. Mohamed Maait.

Maait’s remarks came on the sidelines of the annual meeting of the African Gathering of the International Monetary Fund and the World Bank, in response to rumors that the government has lost its ability to pay the debt, and hence squeezes property owners to collect real estate tax.