Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after the upcoming presidential elections, which will lead to an exacerbation of debts. Her remarks during a session titled “Alternatives to Reducing Public Debt and Maximizing Interest from Internal and External Borrowing,” held by the Public Debt and Budget Deficit Committee of the National Dialogue. “We need to change our policy with the aim of adopting clear policies that give signals to the citizen that the state will manage the debt file in the usual manner so that we do not fall into a bigger problem,’ she said. “We must admit that the situation is not r
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