[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
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Featured
Activists say 'Honor Diaries' documentary exploits gender-based violence to further an anti-Islamic agenda.
As Syria's civil war escalates along the Turkish border, many in Turkey are questioning the country's involvement.
Treatment for autism in the region has progressed, but lack of awareness and support services remains a challenge.
The past isn't far away for a people exiled from Crimea by Russia and the decades it took to get home.
New report highlights plight of domestic helpers in the United Kingdom, with critics comparing it to kefala system.
join our mailing list