In regards to the article published on the “Zawya” website on May 27th quoting the Egyptian Minister of Finance as saying that the Ministry is considering restructuring its local and foreign debts and that it is considering loans from the Central Bank of Egypt  instead of resorting to the issuance of Treasury Bills, the Ministry of Finance completely denies that such a statement has been made by the Minister.

 
Minister of Finance, Fayad Abdul Moneim, reiterates the commitment of the treasury to the previously announced schedule of issuances to secure adequate finance for its fiscal operations from local and foreign sources with no significant changes in its financing strategy or debt structure.