The Egyptian Prime Minister, Atef Ubeid, estimates the value of the Egypt’s total foreign debts at $25 billion, in addition to two billion dollars of private sector debts, reported Al-Hayat . The annual cost of the debts, including installments and interest fees, stands at 1.2 billion Egyptian Pounds. Ubeid added that the government can borrow no more than $1.2 billion. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
