Egypt's foreign debts hit $82.9B in Sept 2017: CBE

CAIRO - 30 May 2018: The Central Bank of Egypt (CBE) said on Wednesday that the country's foreign debts reached at the end of last September 82.9 billion dollars recording a 3.9 billion dollar increase compared to July 2017.

The increase is attributed to the surge in net funds of loans and other financial facilities by $2.9 billion, the CBE said in a statement, a copy of which was obtained by MENA.

The foreign debt-to-Gross Domestic Product rate amounted to 36.1 percent by the end of 2017, which is still in the safe limits as per international standards.