[QODLink]
Middle East
Finance minister says Egypt wary of debts
Al Jazeera speaks to Dr Samir Radwan, Egypt's finance minister, about the decision to reject international loans.
Last Modified: 26 Jun 2011 19:45

Egypt's finance minister has told Al Jazeera that the country's military rulers rejected loans from international institutions because they would disadvantage future incoming governments.

To make up for the shortfall, the government will cut spending on some social expenditures and public investment projects, but it will not touch food and fuel subsidies that help millions of impoverished Egyptians survive, Dr Samir Radwan said.

Radwan was speaking exclusive to Al Jazeera's Ayman Mohyeldin in Cairo, the Egyptian capital.

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.
President Poroshenko arrives in Washington on Thursday with money and military aid on his mind, analysts say.
Early players in private medicine often focused on volume over quality, turning many Chinese off for-profit care.
Al Jazeera asked people across Scotland what they think about the prospect of splitting from the United Kingdom.
Blogger critical of a lack of government transparency faces defamation lawsuit from Prime Minister Lee Hsien Loong.
join our mailing list