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Ministry of Finance confirms: no debt restructuring and no change in borrowing approach from the Central Bank


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News Date: 6/5/2013 12:00 AM  Ministry of Finance confirms: no debt restructuring and no change in borrowing approach from the Central Bank 
 

- Ministry of Finance confirms: no debt restructuring and no change in borrowing approach from the Central Bank

 

- Fayyad: Ministry of Finance continues the implementation of its funding program from usual internal and foreign sources

 

Ministry of Finance severely denied the declarations attributed to Finance Minister on a website  about public debt restructuring and change of borrowing approach from the Central Bank, so as such declarations completely are not attributed to the Minister, causing unjustified confusion in the markets, especially as the Egyptian economy begins recently to recover stability indicators.

 Ministry of Finance appeals Egyptian media to be cautious and accurate with regard to information on Egyptian economy and get information and news from its correct sources.

Dr. Fayyad Abd-el Moniem confirmed that the Ministry of Finance is implementing its program to avail the state’s funding needs from usual internal and foreign sources according to the previously prepared on a quarterly basis schedule, without any substantial change in funding approach or debt structure.

Browse alsoMinister of Finance, Dr. Fayyad Abd-el Moniem: We are keen for coordination and integration between both the monetary and financial policy to boost development efforts
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Ministry of Finance confirms: no debt restructuring and no change in borrowing approach from the Central Bank