[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
Anti-government secrecy organisation struggling for relevance without Julian Assange at the helm.
After decades of overfishing, Japan is taking aim at increasing the number of bluefin tuna in the ocean.
Chinese scientists are designing a particle-smashing collider so massive it could encircle a city.
Critics say the government is going full-steam ahead on economic recovery at the expense of human rights.
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.
join our mailing list