Ashraf Arabi, President of the Institute of National Planning (INP), said that the institute has prepared a comprehensive study for a unified public debt law in Egypt. This is a vital step for any country in the context of overall debt governance, similar to many other countries. Arabi told Daily News Egypt that the institute supports the enactment of a unified public debt law, aiming for governance and oversight by the Egyptian Parliament in the local debt process. He stressed the importance of this law, as Egypt does not have one. Arabi said that this law would help in better debt governance, and slow down the issuance of treasury bonds, which are a form of debt.

Source: Daily News Egypt January 04, 2024 11:36 UTC