Egypt has firmly rejected a proposal by Israeli opposition leader Yair Lapid to administer the Gaza Strip in exchange for the cancellation of its external debt. Egypt's rejection is rooted in concerns over national security, the potential for destabilization, and the fear of becoming an instrument for implementing Israeli strategies. Cairo also opposes any plans that could permanently separate Gaza from the West Bank and undermine the Palestinian cause. Egypt has proposed alternative solutions that focus on Palestinian self-governance and unity. The country remains committed to its role as a mediator but refuses to take on direct administrative responsibilities in Gaza.