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00:00More than $106 billion is the value of the minimum interest on Egypt for the next five years.
00:08Of this, $36 billion will be allocated to the next year.
00:13These are different interest rates for the debtors, which will gradually decrease until the debt reaches $10 billion by the end of 2028.
00:22This is part of the government's strategy to reduce the average age of debt to about five years
00:28by diversifying funds and financing tools to reduce its rates to less than 80% of the total local income.
00:36In addition to its efforts to reduce public spending and put a roof over government debts.
00:41The government has a plan to increase the debt.
00:45I think they will try to get new loans with better benefits for a longer period of time.
00:53This will be a success if it is achieved well.
00:58The government can also think about implementing its plans to enhance its current capacity.
01:06We have tourism with potential and we can increase income from it.
01:11Despite the great financial boosts that Egypt has received in recent periods,
01:16there have been demands for better use of the latest dollar boosts,
01:20limiting borrowing and increasing the participation of the private sector in economic activity
01:24and attracting more direct foreign investments.
01:27There is no doubt that we are witnessing a boost in foreign investments from abroad,
01:33especially with the improvement of the financial situation in Egypt.
01:37On the other hand, if we look at the dollars in Egypt,
01:41some of the dollars, such as the Suez Canal, have been greatly affected by the geopolitical demands.
01:47But this is a temporary situation and it is on its way to improve and become a much better situation.
01:53This was confirmed by the Egyptian Prime Minister recently
01:56on the ability of the government to pay some of the delays and costs.
02:01In addition to the latest economic reforms, including the release of the exchange rate.
02:05The latest payments and bonds will enable the Egyptian government
02:09to reduce the burden of repaying debts,
02:12in addition to its efforts to reduce spending and put a ceiling on debt.
02:16Under recommendations to work to enhance the level of production
02:19and attract more foreign investors,
02:21the government will be able to reduce the burden of repaying debts
02:24and put a ceiling on debt.
02:26Under recommendations to work to enhance the level of production
02:29and attract more foreign investors,
02:32the government will be able to reduce the burden of repaying debts
02:35and put a ceiling on debt.