Arab Finance: The Egyptian government signed a cooperation protocol to settle outstanding financial dues totaling EGP 48.5 billion, allocated for the establishment of 11 public-private universities over three years, according to a statement.
The protocol was signed by Minister of Finance Ahmed Kouchouk, Minister of Higher Education and Scientific Research Abdel Aziz Qansouh, and Minister of Planning and Economic Development Ahmed Rostom.
On his part, Prime Minister Mostafa Madbouly said the agreement reflects the government's commitment to resolving long-standing financial obligations among ministries and public entities.
Madbouly affirmed that this remains a key priority on the government's agenda, noting that numerous meetings have been held to reach appropriate settlements and close these files.
This aligns with the state's objectives to improve education services, expand access to diverse academic programs to keep pace with global developments under the directives of President Abdel Fattah El-Sisi.
In the same vein, the government settled historical financial liabilities valued at EGP 196 billion with the National Investment Bank (NIB), some dating back to the 1980s.
