The cabinet approved during its weekly meeting on Wednesday 30/10/2024 under Premier Mostafa Madbouly a draft cabinet decision on re-forming a committee formanaging foreign debt file and regulating foreign loans.
The draft decision stipulated that the committee will be under the premier and include as members the governor of the Central Bank of Egypt as well as the ministers of international cooperation, finance, and investment alongside a representative of the general intelligence and the Administrative Control Authority.
According to the draft decision, the committee is responsible for managing the external debt file in an integrated manner that includes all its tools.
The committee is also responsible for discussing alternatives to bridging the financing gap in foreign currencies from external sources, and determining the volume of external borrowing required through various financing sources, without exceeding the maximum limit for external borrowing.
