Egypt's Prime Minister confirms full coordination with CBE regarding the financial obligations

Dr.Mostafa Madbouly, Prime Minister, revealed that full coordination is taking place between the government and the Central Bank on a daily basis, regarding Egypt's full commitment to paying its financial obligations, stressing that there are meetings with the governor more than once a week.

The Prime Minister referred to many reports of international institutions that talk about the global economic crisis, and the serious effects of this crisis on Egypt.

He pointed out that many institutions wonder the extent of Egypt's ability to pay its financial obligations, in addition to some doubts about the state's ability to commit to paying.

Moreover, the Prime Minister said: "I confirm that the Egyptian state has not and will not fail to pay any international obligations, as they are constants in Egyptian politics, and under the guidance of the political leadership, Egypt fully respects its obligations."

He stressed that Egypt has not and will not fail to pay any obligations, and the evidence is that until this moment we have not missed any obligations.

The Prime Minister pointed out that rumors from these institutions about Egypt's inability to pay its obligations, were during the first period of the Russian-Ukrainian crisis saying that Egypt would not be able to overcome 2022, but today is the biggest evidence that we were able to overcome this matter. And in 2023, we assure all citizens that Egypt is able to pay all its obligations.