CAIRO - Egypt will not retreat from its programme of selling state assets and will meet all of its debt repayment commitments, Prime Minister Moustafa Madbouly said on Saturday. Delays in selling stakes in state companies have been caused by the government's keenness to secure "the best return from the sale", he told a news conference. "Egypt will continue to offer assets and not retreat," Madbouly said, adding that the government aimed to secure at least $2 billion sales before the end of June. The government would include stakes in more than 10 companies owned by the military in the privatisation drive, Madbouly told the news conference. "Egypt has not failed and will not fail any of its international commitments," Mabdoubly added.

Source: The North Africa Journal April 30, 2023 10:38 UTC