Egypt’s external debt reached $155 billion in January 2025, heavily impacting the balance of payments and exchange rates. Proposed solutions include selling remaining lands in the North Coast and Red Sea at dollar prices to Egyptians and foreigners, and privatizing delayed companies. However, the financial problem is deeper, as Egypt’s economy suffers from insufficient production to eliminate debt reliance. The government continues to depend on local and external borrowing to cover growing deficits. A sustainable solution requires a comprehensive strategy focusing on boosting production in agriculture, industry, and technology, while moving away from rentier activities to achieve real financial sustainability.
Exhibition City Completes About 80% of Preparations for the Damascus International Fair Launch
16 Aug, 2025
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