Caisse de la Dette
Encyclopedia
The Caisse de la Dette was an international commission established by a decree issued by Egypt's ruler Khedive Ismail on May 2, 1876 to supervise the payment by the Egyptian government of the loans to the European governments following the construction of the Suez Canal
. In the commission, were represented the governments of France, Britain, Austria, and Italy.
It was abolished by a bilateral agreement between the British and the Egyptian governments, signed on July 17, 1940, due to Allied interest to improve relations with Cairo under the emergency situation of the Second World War.
Suez Canal
The Suez Canal , also known by the nickname "The Highway to India", is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea and the Red Sea. Opened in November 1869 after 10 years of construction work, it allows water transportation between Europe and Asia without navigation...
. In the commission, were represented the governments of France, Britain, Austria, and Italy.
It was abolished by a bilateral agreement between the British and the Egyptian governments, signed on July 17, 1940, due to Allied interest to improve relations with Cairo under the emergency situation of the Second World War.